Listings tagged: Mortgage
Physician Lending Specialist
704.362.5461 Office ♦ 704.604.4718 Cell
The Doctor Loan Program from SunTrust Mortgage, Inc.
Our Doctor Loan Program¹ is designed with the unique financing needs of licensed medical doctors and dentists in mind.
• For Residents, Interns and Fellows in MD and DO Programs:
— Maximum of 100% financing²-³ for loan amounts not to exceed $650,000
• For licensed medical professionals (physicians and dentists) who have completed their residency within the last ten years:
— Maximum of 100% financing³ for loan amounts not to exceed $650,000
— Maximum of 95% financing³ for loan amounts not to exceed $1,000,000
— Maximum of 89.99% financing³ for loan amounts not to exceed $1,500,000
• For licensed medical professionals (physicians and dentists) with ten years post residency and are members of SunTrust Private Wealth Management (PWM) or belong to a practice that is part of PWM1:
— Maximum of 89.99% financing³ for purchase loan amounts not to exceed $1,500,000
• Fixed or adjustable³ rate mortgages
• No monthly mortgage insurance payments
¹Available only in AL, AR, DE, FL, GA, MD, MS, NC, SC, TN, VA, WV, DC and select counties in PA to licensed Residents, Interns, Fellows in MD and DO programs and licensed Physicians and Dentists (MD, DO, DDS, DMD) who have completed their residency within last ten years. Doctors with over ten years post residency need to be members of SunTrust Private Wealth Management (PWM) or belong to a practice that is part of PWM to be eligible for this product.
²Borrowers should note that 100% mortgage financing will result in no property equity until such time as the loan principal is paid down through regular mortgage payments and/or the property value appreciates. Additionally, if property values decline you could owe more than your property’s value. A down payment may be required if the property is located in a declining market or if required by state regulations.
³ A larger down payment may be needed for properties located in a declining market or if required by state regulations.4 Adjustable Rate Mortgage (ARM) products have interest rates that may increase after consummation. Equal Housing Lender. SunTrust Mortgage, Inc. – NMLS #2915, 901 Semmes Avenue, Richmond, VA 23224, toll free 1-800-634-7928. CA: licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, IL: Illinois Residential Mortgage Licensee, MA: Mortgage Lender license #-ML-2915, NH: licensed by the New Hampshire Banking Department, NJ: Mortgage Banker License – New Jersey Department of Banking and Insurance, and RI: Rhode Island Licensed Lender. ©2014 SunTrust Banks, Inc. SunTrust and SunTrust Mortgage are federally registered service marks of SunTrust Banks, Inc. How can we help you shine? is a service mark of SunTrust Banks, Inc. 062614