Physician Mortgage In Summerville 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.

Regardless if you are a first time home buyer or purchasing a new home in Summerville South Carolina, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to close your physician loan with proficiency and know-how.

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

First, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable customers for lending 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 fewer number of requirements than their competitors.

Physician Mortgage Experts In Summerville South Carolina

If you are trying to find a physician mortgage loan in Summerville South Carolina then you came to the perfect place.

You’ve trained very hard to become a doctor and buying home really 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 specifically for doctors?

Yup, doctors get their own mortgage!

A physician loan is a specialty loan program designed just for doctors in the home purchasing process.

We understand the economic demands of your student loan financial obligation, and how vital it is to preserve working capital for when the time is right with launching your career. Whether or not you are a couple years into practice, or a well established doctor, you can depend on us to find a mortgage loan that is exclusively tailored for your needs.

Many doctors in Summerville South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

Despite these factors smart loan providers know that doctors are a good choice due to the fact that they historically have an incredibly low default rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply talking to the best mortgage loan officer makes an enormous difference.

Benefits of Physician Mortgage Loans

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

Buying a house doesn’t need to empty your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some cash to put down or are considering delaying until you have the funds?

Our mortgage lenders can do the math for you and show you what each circumstance looks like and the advantages of each too.

In most situations, you’ll get your home mortgage paid off sooner and save thousands on interest rates too.

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

Regardless of whether you’re moving down the street, across town or across the country, we are right here to help you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Summerville South Carolina physician home loan program!

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