Physicians Loan
Has anyone ever heard of/used a physicians loan? I heard about it in passing from one of my colleages, who said he's taking one out from Bank OF America. 3.5% interest, low minimum down payment, and no PMI. I looked into and I am wondering if it is a good alternative for a FHA loan, and if it is possible to be used for a distressed property duplex. Can an eventual be used as an investment property? Can I be refinanced? Thank you all.