SunTrust Mortgage – Business in Brief Ownership: Wholly-Owned Subsidiary of SunTrust Bank SunTrust Mortgage, Inc. originates loans throughout locations within SunTrust Bank markets (VA, DC, MD, NC, SC, GA, AL, TN, & FL) and adjacent states, maintains correspondent and broker relationships in 49 states, and services loans in 49 states and the District of Columbia. Year to date as of September 30, 2011: Servicing portfolio: $161 billion Loans originated: g $ $12.9 billion Loans purchased: $3.2 billion Total production: $16.2 billion Number of loans serviced: 923 291 923,291 Number of locations: 202 Number of brokers: 2,206 Number of correspondents: 969 Headquarters: Richmond, VA2
Why SunTrust Mortgage? • National mortgage company with local presence • Wh ll Wholly-owned subsidiary of a T 10 b k S T t B k d b idi f Top bank, SunTrust Bank • Top 10 in mortgage originations nationally • Respected brand in all markets • Track record of consistent earnings g • Laptop originations • Financing for every stage of homeownership • Nationally recognized for superior client service • Professional, experienced l P f i l i d loan officers ffi • Personal approach to service and communication3
What is the Doctor Loan? The Doctor Loan Program1 is a residential mortgage loan specifically created for licensed medical doctors to help make obtaining mortgage financing easier and more hassle-free. Maximum loan amounts: • $1,500,000 for medical doctors who have completed their residency within the past ten (10) years • $417,000 for medical doctors who are currently Residents, Interns or Fellows Available only in AL, AR, DE, FL, GA, MD, MS, NC, SC, TN, VA, WV, DC and select counties in NJ and PA to Residents, Interns, Fellows, Doctors of Osteopathy (DO) or licensed medical physicians that have completed their residency within the last 10 years.4
Features of the Doctor Loan • Fixed rate programs • Adjustable rate2 mortgage programs in various terms • Fully amortizing and interest only3 options available • Up to 100% financing4,5 for primary residence purchases and rate/term refinances – Up to $650,000 for medical doctors who have completed their residency within the last ten (10) years – Up to $417 000 for medical doctors who are currently residents $417,000 residents, interns and fellows • No mortgage insurance required 2 Adjustable Rate Mortgage (ARM) products have interest rates that may increase after consummation. 3 Monthly payments of interest only will not reduce the principal owed. 4 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. 5 A down payment may be required if the property is located in a declining market.5
Service Excellence At SunTrust Mortgage, we are committed to providing you with excellent service quality. Should you have additional questions regarding the Doctor Loan or other available loan products, I will be more than happy to assist you. C.J. Kemp, Loan Ofﬁcer SunTrust Mortgage, Inc. 3 0 1 .6 5 1 .4 1 8 9 CJ.Kemp@SunTrust.com www.suntrustmortgage.com/cjkemp NMLSR# 6588906
A particular slide catching your eye?
Clipping is a handy way to collect important slides you want to go back to later.