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Nicholas Lay , Doctor Loan Specialist Loan Officer








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1979 Eastwood Rd. Suite 100

Wilmington, NC 28403


Nicholas Lay is a physician loan specialist, located in Wilmington, NC who provides mortgages for doctors and dentists throughout the United States. Having a thorough understanding of the SunTrust Doctor Loan program (100% Doctor Mortgage) enables Nick 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.

Advantages of Doctor Loans:

  • Fixed or adjustable-rate options
  • Up to 100% financing and no monthly mortgage insurance payments
  • Competitive Pricing
  • Private Mortgage Insurance (PMI) is not required

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, DPM, 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: Practicing physicians with over ten years post training experience are limited to maximum 89.99% financing. Subsequent time spent as a professor 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, CA, CT, DE, FL, GA, KY, MD, MA, MS, NC, OH, PA, SC, TN, TX, VA, WV, and DC)
  • 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), California (CA), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Kentucky (KY), Maryland (MD) , Massachusetts (MA), Mississippi (MS), North Carolina (NC), Ohio (OH), Pennsylvania (PA), South Carolina (SC), Tennessee (TN), Texas (TX), Virginia (VA), Washington, D.C., and West Virginia (WV).

Other locations may be considered provided the borrower has a deposit relationship with SunTrust Bank for minimum 12 months prior to the application date.

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

  • Jumbo Financing: for homes requiring larger loan amounts

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