SunTrust’s Doctor Loan Program (100% financing with NO monthly mortgage insurance aka PMI) has recently been modified.  The program is now geared specifically for doctors who are relatively new in their field.  The 100% program is available to current Residents and Fellows and any MD who has been out of a residency or fellowship for less than six years.  What is the reason for this six-year restriction?  SunTrust feels that doctors who have been out of a residency or fellowship for over six years generally have much higher salaries, and should not need to borrow 100%.  Their higher earnings over time should have allowed commensurate savings for a downpayment.  SunTrust does have other special programs for these more-established doctors, depending on their total income, which can include a spouse’s income. Contact howard.stanton@suntrust.com for more details.   See also, my related post on the benefits of getting a doctor loan.