|
Physician Mortgage Loans
SunTrust Mortgage is the leading providing of mortgages for licensed medical physicians / doctors. Suntrust Mortgage understands that physicians have unique lending requirements and because of this, have created a program specifically for licensed physicians / doctors.
Highlights of the program include:
- 100% Financing/ Zero Money Down Available
- No PMI (Private Mortgage Insurance)
- No Pre-Payment Penalty
- Variety of Loan Programs (Fixed and ARM’s available)
- Flexible Underwriting Guidelines
- Low Interest Rates
- Loan Amounts up to $1,500,000
- No Minimum Loan Amount
Who qualifies for our Physician/Doctor Loan program?
- Licensed Residents, Interns and Fellows
- Licensed Medical Doctors who have completed their residency within the last 10 years
What states do we lend in?
The physician / doctor loan is available in states where SunTrust Mortgage has a bank branch retail presence. These states include:
- Alabama
- Arkansas
- Florida
- Georgia
- Maryland
- Mississippi
- North Carolina
- South Carolina
- Tennessee
- Virginia
- Washington D.C.
- West Virginia
An exception may be made for borrowers who have an established banking relationship with SunTrust.
What types of properties are eligible for the physician / doctor loan?
- Only Primary Residences are available for the physician / doctor loan. Second homes and investment properties are not eligible.
What mortgage programs are available for the physician / doctor loan?
- Fixed Programs (30 year and 15 year fixed)
- ARM Programs (One Month LIBOR, One Year ARM, 3/1, 5/1, 7/1, and 10/1 LIBOR ARMs
- Fully Amortizing and Interest Only options are also available
For additional F.A.Q.’s, please click here: Physician Loans FAQs
|
