Throughout the last few years, the number of specialty mortgage programs has dwindled from around 2,000 in 2005 to less than a hundred today. As many of these specialty mortgage programs have been phased out, one vital program remains and is going strong.
Known as the Suntrust Mortgage Doctor Loan Program, it is one of the last remaining specialty mortgage programs designed exclusively for the medial community. This program allows licensed medical physicians (including those who are residents / interns) the option of up to 100% financing without the need of costly mortgage insurance.
The Doctor Loan Program offers competitive fixed, adjustable, and even interest-only options so that the consumer can choose the loan that's right for them.
Currently, the Doctor Loan Program is only available in Alabama, Alaska, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington DC.
For more information, consult with your local Suntrust Mortgage Loan Officer or Kristi Hooks with Suntrust Mortgage here in Charlotte at 704-362-8561.
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