Sponsored: Mortgages for Doctors
BB&T Home Mortgage specializes in providing loans that are custom-tailored to a borrower's needs. With that in mind, it is now offering specifically-designed financing for physicians looking to buy a home.
BB&T understands the mortgage needs of local physicians and is making the new loan product available to doctors in all stages of their careers—from medical interns, fellows and residents to licensed physicians who have completed their residency, internship or fellowship within the last 10 years.*
Borrowers who use the Physician's Loan can receive home loans up to $850,000. Depending on market conditions, the maximum loan-to-value ratio varies from 100% for loans up to $650,000 to 95% for loans up to $850,000. (Student loans are excluded from ratios if deferred for 12 months.) Eligible property types include one-unit single-family detached homes, warrantable condos and planned unit developments, but the property being purchased must be used as the borrower's primary residence.
Here is a nice snapshot of all the loan requirements and specifics, provided by BB&T Mortgage Loan Officer Matthew Rexrode:
The minimum down payment is affected by the property location. In DC, Arlington, Alexandria, BB&T can do 100% loans up to $650,000. But, if the appraiser notes that market values are declining, the minimum down payment would be 5%. In Montgomery County, the minimum down payment is usually 5%, but exceptions can be made.
For more information about the Physician's Loan in the DC area, click here or contact Matthew Rexrode at 703-841-5020 or via email at MRexrode@BBandT.com.
* The BB&T Physician Loan is available to doctors in the following schools of medicine: Medical (MD), Osteopathy (DO), Dental Surgery (DDS), Dental Medicine (DMD), Optometry (OD), Ophthalmology (MD), Podiatric Medicine (DP), Surgery (DCh), and Psychiatric Medicine (DPM).
See other articles related to: bb&t, mortgages for doctors, sponsored articles
This article originally published at https://dc.urbanturf.com/articles/blog/sponsored_mortgages_for_doctors/5201.
Most Popular... This Week • Last 30 Days • Ever
It has been a good start to the year for high-priced homes in the DC region.... read »
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro