Todd Martin - Florida's FHA & Doctor Loan Specialist

Construction-to-Permanent (CTC) Doctor Loan

10-27-08

The 100% Doctor loan program is an eligible loan program to be used with the SunTrust Construction-Permanent (one-time closing) loan program. If using the SunTrust Construction-Permanent loan program, which is a one-time closing, the financing must be considered a purchase transaction.

Notes:

Only available with 1 Year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs.
The 100% Doctor Fixed Rate option is NOT available at the time of construction closing on construction-permanent transactions, however at the time of modification, a 100% Doctor construction-permanent ARM loan with a maximum LTV of 95% may be eligible to modify to a 100% Doctor fixed rate loan with a maximum LTV of 95%.

Upon completion of the construction of a home, the conversion of an interim construction loan or term note into permanent financing may be considered a purchase money transaction or a refinance transaction depending on the type of closing (one-time closing or two-time closing).

Please call (813) 507-0296 for more information

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Do It By The Numbers

09-09-08

Todd Martin - Florida's FHA & Doctor Loan Specialist

Smart decisions are based on more that government statistics, agency reports, news releases, interest rates and stock quotes. Here are a few fascinating statistics that illuminate the markets, the world financial services and big business.

•1.) Factor by which Toyota's market cap ($163 billion) exceeded that of General Motors, ($6.1 billion)as of July 1, 2008: 26

•2.) Percentage change by 2012 in the after-tax income of the top 0.1 percent of U.S. earners, under Obama's tax plan: -5

•3.) Percentage change under McCain's tax plan: +12

•4.) Scrap value of the Statue of Liberty's 31 tons of copper and 125 tons of steel on-the-spot market as of June 30, 2008: $202,000

•5.) Scrap value of The Liberty Bell's 2,080 pounds of bronze: $3,850

•6.) Number of new U.S. airports built since 1993: 1

•7.) Change in resale value of average large SUV's from March 2008 to May 2008: -13 percent

•8.) Oil imports, in thousands of barrels per day, from Saudi Arabia in April 2008: 1,453

•9.) From Canada: 1,952

•10.) Chance that a home in the U.S. is now vacant: 1 in 35

Sources: 1. Bloomberg, 2-3. Tax Policy, 4-5. National Park Service, 6. Airports Council International, 7. CNW Marketinig, 8-9. Oil & Gas Journal, 10. U.S. Census Bureau

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Stop Junk Mail

09-08-08

Todd Martin - Florida's FHA & Doctor Loan Specialist

You probably received more than your share of the 103 billion pieces of junk mail sent out last year. Get off the lists by visiting ProQuo.com, a free service that either removes you automatically or, when necessary produces a form that users can print out and drop in the mail. To combat catalog overload, visit CatalogChoice.org.

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100% Doctor Loan

09-05-08

Todd Martin - Florida's FHA & Doctor Loan Specialist

Program features include:

Up to 100% financing
No monthly mortgage insurance payments
Eligible on purchase and rate/term refinances
Construction loans, fixed rate, ARM and interest-only financing available
Loan amounts of up to $1.5 million with competitive pricing and special relationship discounts

ALL OF SEPTEMBER WE ARE OFFERING .25% OFF INTEREST RATE

The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.

Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs. Fully Amortizing and Interest Only options are available.

$1,500,000 for medical doctors who have completed their residency, and
$417,000 for medical doctors who are currently residents/iterns.

Please call (813) 507-0296 for more information

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Todd Martin - Florida's FHA & Doctor Loan Specialist

Mobile: (813) 507-0296

Florida's #1 source for FHA and Doctor Loans. Direct accessibility after hours & weekends.

About Me:

I've been in the mortgage industry since 2004. I am an FHA certified loan officer with SunTrust Mortgage in Tampa, Florida. I have an extensive knowledge of Government loans and how they are underwritten.

In an ever changing mortgage market it is vital you choose a lender that is knowledgeable of the changing guidelines in the mortgage industry. I make buying a home a smooth and hassle-free process for everyone involved. I'm committed to making sure that each client makes an educated decision that meets their financial goals.

I pride myself on my service and availability. I'm available after hours and on weekends. If you have a Good Faith Estimate (GFE) from another lender, please fax the offer to (813) 925-3181. I would like to make sure you get the best combination of product, rate and service.

We are a full service mortgage lender with A-paper, 100%, Jumbo, 100% Doctor Loan, FHA, VA, Construction, Equity loans, Bridge, USDA, & 1st Time Home Buyer Loans. All underwriting and processing is done at my office. We offer weekend rate locks and guaranteed Good Faith Estimates with no junk fees. SunTrust Mortgage is a subsidiary of SunTrust Bank. SunTrust Banks, Inc., has total assets of $174.8 billion as of September 30, 2008, and is one of the nation's largest and strongest financial holding companies. SunTrust mortgage is in the Top 10 for purchase mortgage originations nationally.

I've been featured in several publications most recently in Origination News, March 2008.

Areas of Expertise

I'm a certified FHA loan officer with extensive knowledge of FHA, VA, USDA, & Doctor Loans. In my opinion FHA, VA, USDA, & Doctor Loan have provided more home buying opportunities with lower interest rates than any other program.

Surprise! 100% financing lives! Yes, even in a declining market. There are still some opportunities available. Both for those with good credit and those with some "issues".

100% Doctor Loan
USDA (Rural Development) Loan
VA Loan

100% Doctor Loan Program

Up to 100% Financing (even in a declining market)
No monthly mortgage insurance payments
Construction loans, fixed rate, ARM and interest only
Loan amounts of up to $1.5 million

The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.

Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs. Fully Amortizing and Interest Only options are available.

$1,500,000 for medical doctors who have completed their residency, and
$417,000 for medical doctors who are currently residents/interns.

For more information call 813-507-0296

A great alternative to an FHA loan is the RURAL DEVELOPMENT, USDA loan. The home to be purchased must be located in an eligible rural area as defined by USDA.

THE ADVANTAGES OF THE USDA LOAN:

Loan up to 102% of appraised value
NO MI
No maximum loan amount
No cash contribution required from the borrower
Unrestricted gifts, no need to document source
Non-traditional credit may be substitute for lack of traditional credit history
No credit explanations when credit score is 620 or above
No minimum credit score
No reserves required
Not limited to first-time home buyers
High earnings potential
30-year fix rate loan

Other eligibility criteria:

U.S. Citizen or permanent resident or qualified alien.
Financed dwelling must be primary residence.
Property must be residential.

Manufactured home: New manufactured homes purchased from an Agency approved dealer may be financed.

Modular home: No restriction

Condo & town home: Must meet the requirements of Fannie Mae, Freddie Mac, VA, or FHA.

Challenges:

No co-signers residing outside of the household.
In-ground swimming pools. Ask for a waiver.

For more information call 813-507-0296

Our conventional product line is extensive dealing with primary, second homes, & investment properties.

I've helped borrowers qualify (when other mortgage companies said they would not)
I've helped Realtors find new buyers & sellers through various marketing plans.
I've helped Builders obtain creative financing for their buyers when their in-house mortgage company couldn't do the transaction.

Realtors: What is your current mortgage specialist doing to help you in the current environment? Call today to discuss the benefits of partnering with SunTrust.

Honest & accurate estimates
Direct accessibility after hours / weekends
On-time closings
HUD's delivered & reviewed with clients prior to closing
Status updates for transactions in process (weekly or daily)
Weekly market & rate updates & annual review for past clients

Testimonials

"I was very pleased and "wowed" by the service Todd provided. I have never received weekly updates before." Linda Durham - Realtor

"I have had multiple closings and this was one of the most organized and efficient thus far. Todd was fabulous to work with and I would do business with him again." J & E Day - Past Client

"Todd was wonderful to work with - this was very difficult for us due to the out of state aspect - I don't think we could have done it without Todd. He is truly a professional, and we would use him again." F & V Fulbright - Past Client

"Todd was fantastic! He handled my loan quickly and answered all questions. Best mortgage experience I've had." L Rodriguez - Past Client

"A great experience! Todd took us through the process flawlessly! Quick closing & turnaround of funds." J & C Anderson - Past Client

"The entire process from initial phone call to follow-up has been nothing less than second to none. Todd was able to navigate us through the refinance process in a way that totally overcame the horrors we experienced when we originally financed our home through one of the "predatory" lenders that are now out of business." L & K Silburn - Past Client

"Todd should absolutely be recognized for his professionalism and knowledge and above all his care." D Duke - Past Client