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Common Questions and Answers About Buying Vacation Property


Will I need perfect credit to buy a second home or vacation home?

Yes, you will need a credit score of at least 700 unless you are putting down more than 20% of the purchase price. With larger down payments lower credit scores are allowable.


How much will I need to put down on a vacation home?

Typically 20-25% of the purchase price.


What kind of properties do you allow for second home or vacation properties?

Single families, lake homes, ocean front homes, condominiums in vacation areas are the most common property types.


Can I use weekly rental income to qualify for a vacation home?

No, that would be considered an investment property and being weekly rentals are not a consistent source of income we would not be able to count it towards your income.


Do you offer jumbo mortgages on vacation properties?

Yes, the upper regions of the lending limits $465,000 or higher do require extra underwriting but we can go as high as $1,500,000 on vacation homes.


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