Paul Godbold, Physician Loan Specialist, Loan Officer

SunTrust Mortgage

Paul Godbold Photo
Paul Godbold, Physician Loan Specialist, Loan Officer

SunTrust Mortgage

NMLSR#:659043
Phone Number
Phone

877.572.2471

Mobile Number
Cell

704.604.4718

Fax Number
Fax

844.258.2516

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4777 Sharon Rd. 3rd. Floor

Charlotte, NC 28210

About

Paul Godbold specializes in residential mortgage needs for licensed medical physicians, residents, interns and fellows, which include MDs (Medical Doctors) DOs (Doctors of Osteopathy) and Doctors of Podiatric Medicine (DPM). The program is also available for those with DMD/DDS (Doctors of Dental Medicine-Dental Surgeons, Orthodontists and General Dentists). The Physician Loan/Doctor Loan Program features a variety of fixed and adjustable-rate mortgages with up to 100% financing and no monthly mortgage insurance payments. With over 11 years as a SunTrust Mortgage Loan Officer/Physician loan specialist, Paul and his team focus on catering to each client's specific needs. As a result of this experience and service oriented approach, Paul is consistently ranked among the top loan officers at SunTrust Mortgage. Not a doctor or dentist? Paul is happy to assist all borrowers and is well-versed in complex Jumbo Financing programs and "agency" loan programs.

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, DO and DPM 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: 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.

If you have questions about the Dr. loan and other SunTrust Mortgage programs, 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 features a variety of fixed and adjustable-rate mortgages with up to 100% financing and no monthly mortgage insurance payments (state restrictions on Loan to Value may apply). Available only in AL, AR, DE, FL, GA, MD, MS, NC, SC, TN, VA, WV, DC and select counties in PA to licensed residents, interns, fellows in MD, DO and DPM programs and licensed physicians and dentists (MD, DO, DPM, DDS, DMD) who have completed their training within last ten years. Doctors with over ten years post training need to be members of SunTrust Private Wealth Management or belong to a practice that is part of Private Wealth Management to be eligible for this product. Ten year restriction does not apply when refinancing an existing SunTrust Doctor Loan. Borrowers should note that 100% mortgage financing will result in no property equity until such time as the loan principal is paid down through regular mortgage payments and/or the property value appreciates. Additionally, if property values decline you could owe more than your property's value. Some equity may be required if the property is located in a declining market or if required by state regulations. Other restrictions may apply, please consult your loan officer for details.

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