Second Home & Vacation Home
You can purchase a second home with as little as a 5% down payment.
You can purchase a vacation home with as little as a 10% down payment
***Please note the following below are general guidelines and please call me to discuss your own situation.
Secondary Homes (Type A):
Vacation Homes (Type B):
Ineligible properties
You can purchase a vacation home with as little as a 10% down payment
***Please note the following below are general guidelines and please call me to discuss your own situation.
Secondary Homes (Type A):
- Maximum 1 unit
- Property must be owner occupied or occupied by an immediate family member
- New construction covered by a lender approved New Home Warranty Program
- Existing resale properties
- Readily marketable residential dwellings, located in markets with demonstrated ongoing re-sale demand
- Estimated remaining economic life of the property should be a minimum of 25 years
Vacation Homes (Type B):
- Property characteristics same as Type A properties except for the following;
- Maximum 1 unit
- Property need not be winterized
- Seasonal access permitted (road not plowed during winter)
Ineligible properties
- Investment properties
