Physician Mortgage In Florence South Carolina

Preferred Physician Loan Officer

George Connolly
NMLS# 658831
Mobile: (770) 354-5074
Email: george.connolly@suntrust.com
Website: http://www.suntrust.com/george.connolly

  • Designed to meet the unique financial needs of Licensed Residents, Interns, Fellows in MD, DO, and DPM programs and licensed Physicians and Dentists (MD, DO, DPM, DDS, DMD).
  • No Mortgage Insurance regardless of the LTV
  • 100% financing �” loan amounts up to $750,000 with zero down payment
  • 95% financing �” loan amounts from $750,001 to $1,000,000 require a 5% down payment
  • 89.99% financing �” loan amounts from $1,000,0001 to $1,500,000 require a 10.01% down payment
  • ZERO PMI EVEN WHEN THE LTV IS OVER 80%
  • Max Loan amount for Residents, Interns and Fellows is $750,000
  • Gifts/employer loans/seller contributions allowed depending on specific program availability and requirements
  • In some states, the Doctor Loan requires a pre-existing SunTrust deposit account relationship. If the borrower does not have the pre-existing SunTrust deposit account relationship in those states then they might qualify for the Premier Mortgage. The Premier Mortgage offers jumbo financing over 80% with zero mortgage insurance.

Find out more by contacting George Connolly at george.connolly@suntrust.com and/or (770) 354-5074.

Get Your Physician Loan Rates Now by Completing the Form Below.

Whether you are a first time home buyer or purchasing a new home in Florence South Carolina, our vetted loan officers have a solid understanding of the local area real estate industry and what it requires to secure your physician loan with competency and know-how.

Our loan officers in Florence South Carolina provide special financing for doctors, like you.

First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are very profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by loaning them more money with a lot fewer terms than their competitions.

Physician Loan Experts In Florence South Carolina

If you are searching for a physician mortgage loan in Florence South Carolina then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing home should not be nearly as challenging.

Did you know there is a special loan that makes it easy for doctors to buy a home?

A home loan only for doctors?

Yup, doctors get their own mortgage!

A physician loan is a specialty loan program developed just for doctors in the home buying process.

We understand the financial demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with embarking upon your career. Regardless if you are a couple years into practice, or a well established doctor, you can rely on us to find a mortgage loan that is specifically tailored for your needs.

A lot of doctors in Florence South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

Despite these reasons smart lenders know that doctors are a good choice because they historically have an extremely low default rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banking institutions that do just simply speaking with the best mortgage loan officer makes a remarkable difference.

Advantages of Physician Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a home doesn’t need to drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

What if you have some money to put down or are looking at delaying until you have the money?

Our loan providers can do the math for you and show you what each scenario looks like and the advantages of each too.

In most situations, you’ll get your mortgage loan paid off earlier and save thousands of dollars on interest rates too.

Additionally, don’t forget that having equity in your house will offer more security and flexibility, especially if something unanticipated happens. With the 100% financed physician mortgage loan, you should anticipate to begin under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price simply to get out of the house.

Regardless of whether you’re relocating down the road, across town or across the country, we are available to work with you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Florence South Carolina physician home mortgage program!

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