Using Physician Loans To Purchase Second Homes or Investment Properties . . . A Fairy tale Dream Come True!

Once upon a time . . .

Using physician loans to buy second homes or investment properties really was a fairy tale . . .

When the story of physician loans first began, our protagonists—the poor, but virtuous, young doctors—were crippled by their high debt-to-income ratios. These poor doctors had educations but no place to live. Sadly, they couldn’t reach their castles because the notorious Fannie Mae and Freddie Mac stood guard at the gates.

Then one day, along came the cavalry. Mighty Mortgage Loan Officers rode in on their white horses to save the day. Using their magical physician loan powers, they were able to fight back the gatekeepers and escort the young doctors safely inside. After that, the doctors lived happily ever after as kings and queens of their own castles.

A Whole New World . . .

Ok, I’m exaggerating. But, nowhere in that story did you hear about the Mortgage Loan Officers whisking the young docs off to their vacation homes on Kiawah Island. Until now . . .

Now, there actually are physician loans that can be used to purchase second homes and investment properties. After doing a good bit of Internet digging and a lot of calling banks, we’ve discovered a few banks that will let you use their physicians loans for purchasing second homes or investment properties.

Happily Ever After . . .

Well, now that we’ve helped to make your second home a dream come true, we hope that you will live happily ever after. Just don’t forget to invite your Mortgage Loan Officers down to that beach house on Kiawah Island. Hey, that invite should be worth at least another discount point on your interest rate, right?