Vacation Home Mortgage Loan
Vacation home mortgage loan products are my specialty. Vacation home mortgage loan products are complex and you want to make sure you select the right vacation home mortgage loan for your specific situation.
Many lenders only offer vacation home mortgage loan products requiring a 20 % down payment at rates higher than conventional mortgage loan products, We offer only a 5% down payment. And at regular, conventional rates. Vacation home mortgage loan products are available as fixed rate, adjustable rate mortgage, and we can help you with a "stated income" vacation home mortgage loan if your income is difficult to verify. Please email me vacation home mortgage loan questions
New! 100% financing is available for vacation homes! Financing is available up to $600,000 with a 45% debt to income ratio, $1,500 residual income and only 2 months of liquid reserves. When you find the "perfect" vacation home, we will have the financing that makes sense.
We can help finance the vacation home if you are building with a construction/perm loan. If you need to remodel a vacation home, I can help. 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 mortgages, adjustable rate mortgage loans, stated income, interest only vacation home mortgage loan, and no documentation mortgages. 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 vacation homes. I am seeing more of my current clients looking at interest only options to hold down the cost of ownership. I can also help you to understand the difference between treating the home as a vacation home or investment property. Some are actually both but email me the specifics of the situation and I can show you the least expensive way to go.
Learn more about Vacation Home Mortgage Loan Closing Costs
I have included a page on how to calculate your vacation home mortgage loan qualification ratios.
I have included a page on vacation home mortgage loan documentation requirements
I have included a section on the new Cash Flow ARM for a vacation home mortgage. A LIBOR or MTA based product which gives you complete flexibility in managing your mortgage. This is the loan product I have on my own vacation home as well as my principal residence.
Many clients obtain the down payment for their vacation home by taking out a home equity line of credit on their primary residence.