Loan Officer, SunTrust Mortgage, Inc
Josh specializes in residential mortgage needs for licensed medical physicians, residents, interns and fellows, which include MDs (Medical Doctors) DOs (Doctors of Osteopathy). The program is also available for those with DMD/DDS (Doctors of Dental Medicine-Dental Surgeons, Orthodontists and General Dentists). The Doctor Loan/Physician Loan Program features a variety of fixed and adjustable-rate mortgages with up to 100 percent financing and no monthly mortgage insurance payments. As Doctor Loan Specialists, Josh and his team, The Feldman-Deas Team, closed in excess of 200 Million Dollars in mortgage loans for Physicians alone. The team focuses on treating each client as if he or she were their only client. As a result of this service-oriented approach, the team closed more loans in 2013 than any other team in SunTrust, and are perennial recipients of the Chairman's Award and Platinum Award, which are given to the top 5% of SunTrust Mortgage loan officers.
Advantages of Doctor Loans:
For Licensed Residents/Interns/Fellows in MD and DO programs, we offer:
- 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 Practicing Doctors (MD, DO, DDS, DMD), we offer:
- Maximum of 100 percent financing for purchases and rate/term refinances
- There is a maximum loan amount of $650,000
- 100% financing for loans up to $650,000
- 95% financing for loans up to $1 Million
- 90% financing for loans up to $1.5 Million
- Please note: Doctors with over ten years post residency experience are limited to maximum 90 percent financing. These Doctors need to be members of SunTrust Private Wealth Management or belong to a practice that is part of SunTrust Private Wealth Management to be eligible for this product. Subsequent time spent as a teaching attending or in a fellowship program doesn�t count in this ten year period.
What you'll need to consider:
- Loans are available in select states (AL,AR, DE, FL, GA, MD, MS, NC, SC, TN, VA, WV, DC and select counties in PA)
- State law may put further restrictions on maximum loan-to-value ratio
- Adjustable-rate mortgages have interest rates that may increase during the life of the loan
- 100 percent mortgage financing will result in no property equity until the borrower pays down the loan principal through regular mortgage payments and/or the property value appreciates
- A down payment may be required if the property is located in a declining market
Please click on the "Testimonials" tab under "Related Links" above to see what recent clients have to say about their experience with Josh. If you have questions about the Dr. loan, please feel free to email me so I can send you some information about the loan product or please feel free to call or text me anytime.
The Doctor Loan program is available only in Alabama (AL), Arkansas (AR), Delaware (DE), Florida (FL), Georgia (GA), Maryland (MD) , Mississippi (MS), North Carolina (NC), South Carolina (SC), Tennessee (TN), Virginia (VA), Washington, D.C., West Virginia (WV); the following counties in New Jersey (NJ): Bergen, Cape May, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union; and the following counties in Pennsylvania: Pike, York, Dauphin, Cumberland, and Perry.
Investment and Insurance Products:
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