Physician Loan in CA

[Eric Chiang]

Hello BP Community! I'm new to REI and recently closed on my first househack (duplex) in Riverside, CA. Current plan is to save for the next 1-2 years, then utilize a physician's loan (one that accepts PharmDs) to fund the 10% downpayment of a triplex/quadplex in San Diego, CA to owner-occupy.

Was hoping to get some perspective on the following questions:

• Any notable lenders of physician loans (accepting PharmDs) in CA? 
  • The few that I've talked to do not lend in CA
• How much higher of an interest rate can I expect when compared to conventional loans?
• Aside from the expected higher interest rate when compared to conventional loans, are there other factors to consider when committing to a physician loan?
• Are there other creative lending options I should consider in order to fund the next property, when capital is relatively limited? 
  • I have also considered a joint venture or seller financing, but I need to do more research into these

Thank you in advance for the insight!