The Doctor Loan Program is a residential mortgage loan offered by SunTrust Bank in Columbia, SC that has been specifically created for licensed medical professionals to help make obtaining mortgage financing easier and more hassle-free.
Advantages of Doctor Loans:
Fixed or adjustable rate options
Up to 100% financing and no monthly mortgage insurance payments
Favorable repayment terms provide flexibility to meet your financial reality
For Licensed Residents/Interns/Fellows in MD and DO programs:
Maximum of 100 percent financing for purchases and rate/term refinances. There is a maximum home loan amount of $750,000.
For Practicing Doctors (MD, DO, DDS, DMD) who have completed their residency within the last ten years:
100% financing for loans up to $750,000
95% financing for loans up to $1 Million
90% financing for loans up to $1.5 Million