Mortgage Minute: Can you have more than one physician loan at a time?

Financial Residency

EpisodeAug 22, 20234m

Mortgage Minute: Can you have more than one physician loan at a time?

Financial Residency

EpisodeAug 22, 20234m

Depending on the bank, likely yes but with caveats. Most banks require that you have equity (20%+) in the first home or money down on the second home. They cannot be used as investment property loans. You also cannot have three homes financed at one time to qualify for the second physician mortgage. Each bank has its own rules, but these are fairly common amongst banks that allow two physician loans. If you want to learn more about Doug Crouse or get a free copy of his book, check out www.DougCrouse.com.

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