Thursday, December 03, 2009
SunTrust is the only lender offering a 100% Doctor Loan. The program is for MDs and can finance 100% with no downpayment and NO monthly PMI (mortgage insurance) up to $650,000. Other lenders, such as Wachovia / Wells Fargo and Bank of America, discontinued their Doctor Loan Programs in mid 2009. Howard Stanton of SunTrust Mortgage in Chapel Hill, NC notes that SunTrust is looking for a strong relationship with doctors “down the road” and feels they will continue to be great mortgage – and banking customers for SunTrust. A SunTrust checking account is the only bank account required to have a Doctor Loan mortgage. “But we offer a very attractive banking package as well, and can give up to $400 in credits when doing a Doctor Loan,” notes Howard. Howard can be reached at 919-918-2468 for more information or visit his web site at www.suntrustmortgage.com/hstanton.