SunTrust now Truist

Paul Godbold, VP, Mortgage Originations, NMLSR#659043

Location:


CA, TX

Phone:



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 14 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.

LEARN ABOUT THE SUNTRUST MORTGAGE DOCTOR LOAN PROGRAM

Home Mortgage Loans for Doctors: Dentists (DDS and DMD), Physicians (MD, DO and DPM), Licensed Residents, Fellows in MD, DO and DPM programs.

You've worked hard to become a doctor and now it's time to receive the benefits of all that work. At SunTrust Mortgage, your doctor privileges include flexible rate and financing options, even if you have student loans.

Advantages of Doctor Loans:

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

  • Maximum of 100 percent financing for purchases and rate/term refinances
  • There is a maximum home 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
  • 90% financing for loans up to $1.5 Million
  • Please note: Doctors with over ten years post training (Residency or Fellowship) 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. This restriction does not apply to SunTrust Mortgage to SunTrust Mortgage Doctor loan refinances.
What you’ll need to consider:

  • Loans are available in select states (see coverage map). Other program and geographic restrictions may apply, please consult your loan officer for details.
  • 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. If property values decline, you could owe more than your property's value.


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