Second Home Mortgage
Second home mortgage products now
give your more options. Please email me with any questions about a
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
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
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
included a page on how to calculate your second
home mortgage qualification ratios.
I have included a page on
second home mortgage qocumentation
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
* I have included a
section on the new Cash Flow ARMS for Second Home
Mortgage. A LIBOR or
product which gives you complete flexibility in managing your mortgage.