Physician Loans & Medical Pro Mortgages supercharge RE investments

I've been in the mortgage industry since 2003, but had never heard of a medical professional or physician's loan until this year as a result of working with several doctors this year seeking vacation rentals and second homes. 

If, like me, you are unfamiliar with Medical Professional or Physicians loans, in short, those with a medical degree or in the medical profession such as a Nurse, Anesthesiologist or even veterinary could be eligible for a very low LTV, minimal cost and favorable mortgage terms. 

Not all lenders offer these niche programs, but those that do generally view medical professionals as low risk and so are willing to offer incentivizing terms for high quality mortgage paper. 

In my client's case they were eligible for up to 100% LTV (plus a seller concession!?) on primary residences and 5-10% down on second homes and in some cases investments. 

10% down on a second home, utilized as an oceanfront short term vacation rental is generally going to be a foundation for a positive investment. Especially in a high interest rate environment, low LTV products can make a Pro Forma positive or more attractive at a time when most investors are limited by financing options. 

Most often these products are limited to SFR's and with some exception 1-4 unit properties.