Home Buying in Jacksonville>Question Details

Johnshannonr…, Home Buyer in Jacksonville, FL

are there still Physician home loans?

Asked by Johnshannonrealestate, Jacksonville, FL Tue Sep 17, 2013

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24
Tyler J. Jacobs, PhD, Broker’s answer
My RE group also endorses Mr. Callahan as others stated before.
The program does exist - we hope this is helpful:
Our contact - Medical Center Director at Shands Hospital/UF within Relo Dept provided the following as a contact: (taken from program brochure)

* Tom R. Callahan / thomas.callahan@53.com / 904.591.6722
* Vice President / Sr. Mortgage Officer
* Fifth Third

So - If you are an MD, DO, DPM, Resident, Fellow, or Established Physician - the following bank rep will provide you with:

* 0% (zero) down, 100% financing
* No PMI
* Preferred Client Rate
* Loan amounts to $1.5ML - down payment may vary
* Condo's allowed
* 680 credit

Our Medical Relocation Dept recommends this program as well in - Alabama, Georgia, Tennessee, South Carolina, North Carolina, West Virginia, Kentucky, Missouri, Wisconsin, Michigan, Indiana, Ohio, Illinois, Pennsylvania, New Hampshire & of course Florida.

We must say as well that the service level provided has been excellent.
Mr. Callahan has been recognized nationally as a leader within the mortgage industry and has assisted hundreds of Physicians.

Best wishes to you!
T. J.

Real Estatehttps://secure.53.com/mlo/thomascallahan
0 votes Thank Flag Link Wed Mar 26, 2014
Yes, there are a couple of Jacksonville Banks who still do physician loans. BB&T and BBVA Compass. Here is their contact information nbelow:

Tom R. Callahan
Sr. Mortgage Banking Officer
Asst. Vice President
NMLS# 595257
Physician, Resident Doctor and Dentist
National Loan Specialist
Office: 904.373-2004
Mobile: 904.591.6722

BBVA Compass
Jennie Blue
Mortgage Banking - Vice President, Mortgage Banking Officer
Office: 904-564-8700 - Mobile: 904-343-2088 - E-Fax: 205-297-3930 -Toll Free E-Fax: 866-773-5923

We make it our business to keep up with what loans are available for physicians as part of our service to them. If there is anything else we may do to assist you, please let us know.

Best regards,

Sharon & Frank Alters, e-PRO, GRI
Coldwell Banker Vanguard Realty
904-673-2308
sharon@teamalters.com
2 votes Thank Flag Link Tue Sep 17, 2013
The program does exist - we hope this is helpful:
The Medical Center Director at Shands Hospital/UF our Relo Dept spoke to provided the following as a contact: (taken from program brochure)

* Tom R. Callahan / thomas.callahan@53.com / 904.591.6722
* Vice President / Sr. Mortgage Officer
* Fifth Third

So - If you are an MD, DO, DPM, Resident, Fellow, or Established Physician - the following bank rep will provide you with:

* 0% (zero) down, 100% financing
* No PMI
* Preferred Client Rate
* Loan amounts to $1.5ML - down payment may vary

Our Medical Relocation Dept recommends this program as well in - Alabama, Georgia, Tennessee, South Carolina, North Carolina, West Virginia, Kentucky, Missouri, Wisconsin, Michigan, Indiana, Ohio, Illinois, Pennsylvania, New Hampshire & Florida.

We must say as well that the service level provided as been excellent.
Mr. Callahan has been recognized nationally as a leader within the mortgage industry and has assisted hundreds of Physicians.

Best wishes to you!
T. J. Jacobs
Real Estate
1 vote Thank Flag Link Tue Feb 25, 2014
Hi , If you are an MD, DO, DPM, Resident or Established Physician - the following bank rep will provide you with 0% (zero) down 100% loan and No MI with Preferred Client rate and standard costs.

Asst. Vice President / Sr. Mortgage Officer / Tom R. Callahan / thomas.callahan@53.com
Fifth Third Savings, at 904-591-6722

Offering 100% Lending within Alabama, Florida, Georgia, Tennessee, South Carolina, North Carolina, West Virginia, Kentucky, Missouri, Wisconsin, Michigan, Indiana, Ohio, Illinois, Pennsylvania, New Hampshire. And New York with 5% down.

Mr. Callahan has been recognized nationally as a ranking leader within the mortgage industry and has assisted hundreds of Physicians within Northwestern Memorial Hospital and Univ of Chicago Medical Center in my new home town.

Best wishes to you! Sarah Jones, MD
1 vote Thank Flag Link Tue Jan 28, 2014
Tom's email is thomas.callahan@53.com. He is with FifthThird Bank - not BB&T. He specializes and only works with physicians and dentists. The best number is his cell.

Jennie Blue is also a great loan officer, so you may want to speak with both of them.

Hope this helps!

Sharon
1 vote Thank Flag Link Tue Sep 17, 2013
Both Jennie and Tom are awesome. I am not sure, but I thought Tom had changed locations. Good luck in your research. If I may be of any assistance, please feel free to contact me. I've worked with Jennie Blue on numerous transactions.
1 vote Thank Flag Link Tue Sep 17, 2013
Yes there are still Physician Loans!
Take a look at the link below, and if you need any further assistance I would be happy to assist.

Thank you for your time.

Respectfully,

Neca Davidson
1 vote Thank Flag Link Tue Sep 17, 2013
I am a Doctor Loan Specialist with SunTrust Mortgage

Our Doctor Loan Program is a home loan program developed specifically for medical residents, interns, fellows, Doctors of Osteopathy (DO), and licensed medical physicians that have completed their residency or fellowship within the last 10 years.

We can even close on your new home 60 days before your next employment contract begins.

We offer financing up to 100% with no PMI

The program is offered in the following States: Alabama, Arkansas, Delaware, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington, D.C. & West Virginia.

Call today to to learn more. To pre-qualify or for additional information visit my website at https://www.suntrust.com/PeopleFinder/ken.reichner

Ken Reichner
Mortgage Consultant
SunTrust Mortgage, Inc.
954-647-9708 Direct
Email: ken.reichner@suntrust.com
NMLSR# 659697
0 votes Thank Flag Link Wed Apr 16, 2014
Yes I know Synovus Mortgage offers a 100% doctor/dentist loan up to $1 million with NO monthly mortgage insurance up to 10 years out of residency. I just completed one with Derek Emerson, (904)860-5564. I would suggest calling him. He made the transaction so easy and uncomplicated.
0 votes Thank Flag Link Fri Feb 21, 2014
Yes, physician loans still exist. Not every lender has them so you may have to spend a little bit of time researching lenders that do these types of loans. I recommend shopping around and finding lenders that can do this for you. Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can! Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com
0 votes Thank Flag Link Wed Feb 19, 2014
Are the medical schools all graduating suddenly? I've seen more "Doctor Loan" questions in the last few days than in the previous 10 months!! Great program if you can get it.
0 votes Thank Flag Link Tue Jan 28, 2014
Dear Medical Professional,



Fifth Third Bank is pleased to announce our national Doctor Loan Program, custom designed to fit the unique needs of Physicians seeking a home mortgage!

Available to New or Established Doctors, Residents or Fellows (MD, DO, or DPM) to purchase a new home with up to 100% financing.

· $0 Down Payment Options Available!



· Maximum Loan Amount of $1.5 million!



· Interest Rates at Historic Lows!



· No Private Mortgage Insurance!



· Fixed and Adjustable mortgage options!



Contact me today to find out your options and how to plan for your
upcoming purchase!


Sincerely,


Robert Curtis

Loan Officer/Physician’s Lending Specialist

773-732-9444



robert.curtis@53.com



NMLS ID 224355
0 votes Thank Flag Link Sat Jan 25, 2014
Hi John,

You may want to contact Rae Drake with Fifth third Bank. I have referred her for the past 10 years to my buyers and she has always performed professionally. She puts her clients interest first and is extremely knowledgable of the industry and the banks programs. They have a great Doctor Program- She is even married to a Physician.
You can reach her at 352-514-1829 or rae.drake@53.com

Good Luck,
Bernedette- Realtor in Vero Beach, Florida
0 votes Thank Flag Link Sun Jan 12, 2014
Hello,

I am a Doctor Loan Specialist with SunTrust Mortgage

Our Doctor Loan Program is a residential mortgage loan developed specifically for medical residents, interns, fellows, Doctors of Osteopathy (DO), and licensed medical physicians that have completed their residency within the last 10 years.

Our program offers:

• 100% up to $650K
• 95% up to $1M
• 89.9% up to $1.5M

Mortgage insurance is not required - Available for both home purchases and mortgage refinances - Competitive pricing - Both fixed rate and adjustable rates offered - No penalty for prepaying your loan - Gift funds or seller contributions may be used for closing costs

The program is offered in the following States: Alabama, Arkansas, Delaware, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington, D.C. & West Virginia.


With unparalleled commitment to serving physicians’ needs, you can rely on me and my dedicated team of mortgage professionals to work with you every step of the way. I can’t wait to tell you more so call or email today!


Stephanie Arcelay
Asst. Vice President
SunTrust Mortgage, Inc.
615-484-6690 Direct
Email: Stephanie.Arcelay@suntrust.com
Web: https://www.suntrust.com/PeopleFinder/stephanie.arcelay
NMLSR# 897166
0 votes Thank Flag Link Mon Jan 6, 2014
Yes, Compass bank has one.
0 votes Thank Flag Link Thu Dec 19, 2013
Dr John,
You will find nearly EVERY local bank will provide a "Physician" loan instrument.
The end game is to provide you other services for you business or investments.
-
BB&T and Suntrust have a reputation of servicing well those market segments the biggies have not successfully pillaged and plundered.
-
If you find you have truly unique needs, consider those 'by-appointment-only' local lenders.
-
Don't know where to start?
Choose an "A" or "B" graded lenders for your city or zip code.
http://www.BankingGrades.com
0 votes Thank Flag Link Thu Dec 19, 2013
Hello Doctor,

My name is Robert Curtis I am a Loan Officer with Fifth Third Bank and specialize in our National Physician Loan program.

As the industry leader we offer Residents, Fellows, new and established doctors
(MD, DO or DPM) a wide range of fixed and Adjustable rate loans to meet all home financing needs.

Here are a few of the program highlights:

1) No Private Mortgage Insurance Required!

2) Loan Amounts up to $1.5 Million!

3) Available for both a new purchase and refinance of an existing property!


I’m more than happy to answer any questions you may have, feel free to reach me 24/7 at 773-732-9444 or robert.curtis@53.com.


Robert Curtis
Fifth Third Bank
National Physicians Loan Specialist
Senior Loan Officer
773-732-9444

WEBSITE: http://www.linkedin.com/in/mortgagechicago
0 votes Thank Flag Link Thu Dec 19, 2013
Yes there are! BB&T does them, but I know of an independent mortgage broker who lends off of the same product and can usually get a better rate. Message me for his info.
0 votes Thank Flag Link Tue Sep 24, 2013
Yes....my current buyers are using one to purchase right now! There are many different programs out there and some offering little down depending on your circumstances. I can give you more information if you need it.

Hope this helps!
0 votes Thank Flag Link Mon Sep 23, 2013
Yes. I work with a loan offer at PNC that offers great loan programs for Physicians. Her email is amber.rushe@pncmortgage.com. Just let her know I referred you. Good luck!
0 votes Thank Flag Link Tue Sep 17, 2013
Yes, I just closed on a listing in June; buyer had to close no more than 60 days from start date with practice. Lender was SunTrust, Doug Adamson 434-973-1040 he did excellent job on this. Let me know if I can help in any way
0 votes Thank Flag Link Tue Sep 17, 2013
Yes there are still physician home loans. A physician bought my buyer's waterfront home last December. I believe the cap was $650K per his pre-approval letter. Feel free to contact me michelericheymartin@comcast.net for a few local lenders.
0 votes Thank Flag Link Tue Sep 17, 2013
Yes there are, I have a excellent lender I use. Please email me at LeneePurdyRealtor@yahoo.com and I will put you in contact with her. Thanks
0 votes Thank Flag Link Tue Sep 17, 2013
No ................................
0 votes Thank Flag Link Tue Sep 17, 2013
Hello,

I am a Doctor Loan Specialist with SunTrust Mortgage

Our Doctor Loan Program is a residential mortgage loan developed specifically for medical residents, interns, fellows, Doctors of Osteopathy (DO), and licensed medical physicians that have completed their residency within the last 10 years.

Our program offers:

• 100% up to $650K
• 95% up to $1M
• 89.9% up to $1.5M

Mortgage insurance is not required - Available for both home purchases and mortgage refinances - Competitive pricing - Both fixed rate and adjustable rates offered - No penalty for prepaying your loan - Gift funds or seller contributions may be used for closing costs

The program is offered in the following States: Alabama, Arkansas, Delaware, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington, D.C. & West Virginia.


With unparalleled commitment to serving physicians’ needs, you can rely on me and my dedicated team of mortgage professionals to work
Flag Fri Dec 6, 2013
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