Bobby Cummings, Doctor Loan Specialist, Loan Officer

SunTrust Mortgage

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Bobby Cummings, Doctor Loan Specialist, Loan Officer

SunTrust Mortgage

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276 E. Bay St.

Charleston, SC 29401


Bobby Cummings is a mortgage loan officer and physician loan specialist, located in Charleston, SC who provides mortgage loan financing for luxury properties throughout the southeastern United States, including Charleston and the surrounding coastal markets of South Carolina. He is well versed in all mortgage types and is experienced in lending on complex properties, including historic properties, carriage houses, beach front properties, high rise condos, 2-4 unit properties, etc.

Having a thorough understanding of the SunTrust Mortgage Doctor Loan program enables Bobby to assist medical physicians, dentists, fellows, residents and graduating medical or dental students with their mortgage financing needs on residential homes throughout the states listed below.

For more information on the best Doctor Loan Program available or the many other programs we offer, please call 843.958.1313.

Advantages of Doctor Loans:

  • Fixed or adjustable-rate options
  • Up to 100% financing and no monthly mortgage insurance payments
  • Competitive Pricing

For Licensed Residents/Interns/Fellows in MD and DO programs, we offer:

  • Maximum of 100% financing for purchases and rate/term refinances
  • There is a maximum loan amount of $750,000

For Practicing Doctors (MD, DO, DDS, DMD), we offer:

  • 100% financing for loans up to $750,000
  • 95% financing for loans up to $1 Million
  • 89.99% financing for loans up to $1.5 Million
  • Please note: Doctors with over ten years post training experience are limited to maximum 89.99% 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% 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

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) and the following counties in Pennsylvania: Adams, Chester, Franklin, Lancaster and York.

In addition to traditional mortgage financing solutions, SunTrust Mortgage is pleased to offer specialty financing programs for clients with unique borrowing needs, including:

  • Specialty financing for workers in the medical community through the SunTrust Medical Professional Mortgage program
  • Jumbo Financing: for homes requiring larger loan amounts

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