Vacation Home Mortgages
Vacation home mortgages are my specialty. Vacation home mortgages are complex and you want to make sure you select the right vacation home mortgage for your specific situation.
Many lenders only offer vacation home mortgages requiring a 20 % down payment at rates higher than conventional mortgages, We offer only a 5% down payment. And at regular, conventional rates. Vacation home mortgages are available as fixed rate, adjustable rate mortgages, and we can help you with "stated income" vacation home mortgages if your income is difficult to verify. Please email me with questions about vacation home mortgages
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 mortgages 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 lot loans. 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 mortgages, stated income, interest only vacation home mortgages, 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 vacation home mortgages 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 Mortgages Closing Costs
I have included a page on how to calculate vacation home mortgages qualification ratios.
I have included a page on vacation home mortgages 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 property by taking out a home equity line of credit on their primary residence.
Learn more about investing
As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.
New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.
Prequalify for Vacation Home Mortgages.