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Second Home Mortgage

Second home mortgage products now give your more options. Please email me with any questions about a second home mortgage. I have an increasing number of clients looking for second home mortgage options for property other than a principal residence.

While many lenders only offer a second home mortgage requiring a 10-20 % down payment and at interest rates higher than required for conventional loans, we can make your dream come true with only a 5% down payment second home mortgage at regular, conventional interest rates. Second home mortgage loans are available as 30 year fixed or adjustable rate second home mortgage and we can help you with a "stated income" second home mortgage if your income is difficult to verify. Many clients obtain the down payment for their second home by taking out a home equity line of credit on their primary residence. Interest Only second home mortgage products can make your payment affordable.

New! 100% second home mortgage financing is now available for second homes! 100% second home mortgage financing is available up to $500,000 with a 45% debt to income ratio, $1,500 residual income and only 2 months of liquid reserves.

We can help finance the second home if you are building with a construction/perm loan. If you are buying land to build on later I can help you with a lot loan. Or, if the home is already built, I can help you with the permanent loan. We offer 30 and 15 year fixed rate loans, adjustable rate mortgages, balloon mortgages, stated income, and no documentation loans. We can even finance your vacation home with a program which will allow very high debt to income ratios. If you are concerned over having to make a large down payment, I have several loan programs which will allow only a 5% down payment for second homes.

Learn more about second home mortgage closing costs

I have added some additional information if you are looking at a Condo-Tel as a second home

I have included a page on how to calculate your second home mortgage qualification ratios.

I have included a page on second home mortgage qocumentation requirements.

We offer you the ability to qualify and close into several unique programs which accommodate borrowers with non traditional income or asset situations. Please visit my No Docs page.

* I have included a section on the new Cash Flow ARMS for Second Home Mortgage. A LIBOR or MTA based product which gives you complete flexibility in managing your mortgage.