SunTrust Mortgage
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Stephen O'Connor, Doctor Loan and Jumbo Loan Specialist Loan Officer

NMLSR#:941697

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1445 Research Blvd. Suite 225

Rockville, MD 20850

About

Stephen O'Connor has helped many people achieve their goal of homeownership. Whether you are a first-time home buyer or refinancing an existing loan, Stephen has a solid understanding of the local real estate market and what it takes to close your loan with efficiency and expertise. As a Doctor Loan Specialist, Stephen specializes in the residential needs for licensed physicians, residents, interns and fellows, which include MDs (Medical Doctors) and DOs (Doctors of Osteopathy) along with DMDs and DDS (Dental Surgeons, Orthodontist and General Dentists). The Doctor Loan/Physician Loan Program features a variety of fixed and adjustable-rate mortgages with up to 100% financing and no mortgage insurance payments.

Advantages of Doctor Loans:

  • Fixed or adjustable-rate options
  • Up to 100% financing and no monthly mortgage insurance payments
  • Favorable repayment terms to meet your financial reality

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

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 further restrict 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 payments and/or the property value appreciates
  • A downpayment may be required if the property is located in a declining market
  • In some states, the Doctor Loan product requires a pre-existing depository relationship and is not available for properties located in Alaska, Arizona, Hawaii and Oregon, contact your loan officer for details.

Whether you want to buy a house, build your dream home or refinance your existing mortgage, we can help you find the financing solution that's right for you. Stephen has experience in all types of loan programs and is always available to help you with your mortgage needs. A proven mortgage professional, his attention to detail will make your mortgage process run smoothly and easily.

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