Home / Florida / Jacksonville / Doctors and Dentists
Bank Statement Loans for Doctors and Dentists in Jacksonville, FL
Mayo Clinic, Baptist, Ascension St. Vincent's and UF Health anchor a healthcare market that also supports many private practices.
Jacksonville doctors and dentists who own practices show insurer remittances and patient payments. An underwriter works through 12 or 24 months of those statements, when the program fits.
The local numbers
The Bureau of Labor Statistics counts roughly 964 offices of physicians establishments with employees in Duval County, together employing approximately 23,169 people at an average annual pay of $117,093. Anyone working alone is invisible to payroll records, which means the total of physicians and dentists is higher than the establishment count suggests. Against the national pattern, the employment location quotient is 2.16, a sign this line of work is a local specialty.
The survey also finds approximately 3,610 self-employed residents of the city of Jacksonville in education and health care. That is 3.7 percent of the workers in the group and 8.1 percent of the self-employed as a whole.
Jacksonville snapshot
| Measure | Figure |
|---|---|
| Employer establishments in offices of physicians | 964 |
| Jobs at those establishments | 23,169 |
| Average annual pay | $117,093 |
| Self-employed residents in the related group | 3,610 |
| Share of that group who are self-employed | 3.7 percent |
| Statewide share for the same group | 5.9 percent |
A hospital-centered city
Sizable systems and a growing outpatient network mean physicians have a few practice settings. Private practices cluster around the medical centers and in Southside, Mandarin, the beaches and Ponte Vedra.
The housing market for this work
For physicians and dentists planning a purchase, the market in the city of Jacksonville looks like this: median annual real estate taxes are roughly $2,176 for operators with a mortgage; households earn a median of about $70,000; and proprietors live in 58 percent of occupied residences. Medians hide a wide range, and the appraisal on the actual home is what includes.
Reading the accounts
Insurer payments, patient payments and billing company remittances are distinct. An underwriter sorts by source and applies the program's factor. Payroll, rent, malpractice and supplies leave the account.
New practices and buy-ins
A doctor who recently bought into a practice should bring ownership documents and a letter from a tax professional. Prior income in the same field helps support a quicker record.
Property and insurance
Ponte Vedra and the beaches can mean higher insurance costs, and flood zones are common near the river. Greater loan amounts are common for physicians, and reserves matter.
Reading the deposits
Roughly 15.5 percent of Jacksonville workers work from home, which makes history keeping a practical question for many owners. A practice owner can show big deposits from insurers and patients while the owner's take home is much smaller. A statement review starts with deposits, applies an expense factor and considers what portion belongs to you. Associates and employed physicians on a 1099 follow a simpler path, because costs are lower.
How Jacksonville compares
The Florida number for the same group is 5.9 percent, which puts Jacksonville (3.7 percent) below the state. Ranking the 22 measurable Florida areas we cover, Jacksonville lands 19th. At $117,093, pay runs high, so deposits often be large and so do the costs that sit behind them.
Planning around timing
Associates with a new practice or a new contract usually have a shorter record. Some programs accept the combination of recent contract records and a long record of training and prior employment in the field. Bring the contract, license, board status and a prior pay record.
Paperwork worth gathering
The median resident of Jacksonville is 36 years old, so first-time homebuyers and move-up purchasers both turn up in local files. Practice loans, equipment financing and a buy-out note add monthly obligations that are counted in the debt picture. Keep the loan statements and amortization details on hand so the debts tie the credit report. A surprise debt discovered late can reshape the file.
Employers in the work around Jacksonville
| Line of business | Establishments | Jobs | Average annual pay |
|---|---|---|---|
| Offices of physicians | 964 | 23,169 | $117,093 |
| Offices of other health practitioners | 674 | 4,031 | $54,480 |
| Offices of dentists | 382 | 3,119 | $73,973 |
| Home health care services | 206 | 4,473 | $53,506 |
| Outpatient care centers | 185 | 3,372 | $72,196 |
| Medical and diagnostic laboratories | 82 | 1,204 | $55,663 |
Sources: American Community Survey (2020 to 2024) and BLS Quarterly Census of Employment and Wages (2024). Details are on the data sources page.
This page is general information, not an offer. Lenders verify income and ability to repay, and program availability depends on the borrower and the property.
Related
- Bank statement loans in Jacksonville, FL
- Doctors and Dentists: national guide
- What you need to prove
- Owner-Operator Truckers in Jacksonville
- Small Business Owners in Jacksonville
Talk to a loan officer about Jacksonville
Tell us about your business by phone or online, and we will list the papers to collect.
Frequently asked questions
I recently bought into a practice. Can I qualify?
Possibly, with the buy-in documents and prior income in the field.
Are greater loans available?
On select programs, with more paperwork and reserves.
How large is the physicians and dentists workforce around Jacksonville?
Payroll data for Duval County show around 964 establishments with employees in offices of physicians, and Census estimates count about 3,610 self-employed residents of the city of Jacksonville in the related industry group. Proprietors with no employees are listed only in the Census number.
Does a mortgage lender treat physicians and dentists in Jacksonville differently from anywhere else?
A statement examine is not local, but the purchase is. Here the median home is worth around $294,000, 58 percent of households own, and the median home dates from 1987; the Florida median value is $359,000.