Vacation or Investment Homebuyer
Buying a Second Home
Our mortgage bankers are experienced in helping you navigate the nuances of financing a second home. We’re here to help you make informed decisions so you can start enjoying your new property, whether it’s a relaxing getaway or a financial investment.
Eligibility Requirements
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Proof of Stable Income
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Tax Returns for the Past Two Years
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A Strong Credit Score
(680 or above)
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Low Debt-to-Income (DTI) Ratio
(Generally under 43%)
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Proof of Reserves
Often equivalent to 2-6 months of mortgage payments.
Down Payment Requirements
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Vacation Home
Typically, 10 – 20% of the purchase price
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Investment Property
15% – 25% depending on the type of property
I’m Ready to Take the Next Steps to Home Ownership
