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Updated over 5 years ago on . Most recent reply
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Can I use a physician loan to purchase a duplex?
This is my first post, but I have been lurking for about a month now and I am enjoying the discussion and appreciate what I am learning from this forum. Thanks to all for your contributions.
Here is my situation. I am halfway through nurse anesthesia (CRNA) school and am putting together a plan for when I am done with my training. I know some CRNA's have qualified for physician mortgages, while other peers have not. I will likely be taking a job in either Texas or New Mexico and and am interested in purchasing a duplex or fourplex to live in while managing as a rental.
I have two main questions for lenders or anybody with experience in this area. What is the criteria for qualifying for physician mortgages as a CRNA? And if I do qualify, will I be allowed to purchase a fourplex if one of the units is my primary residence? If more information is needed regarding my situation to answer my question, please let me know.
Thanks,
Chris