Vacation Home

Relax....  and get the home of your dreams!

  • We’ll find the right mortgage loan to suit your needs. We have several mortgage options to help you buy and finance a second home, even with as little as 10% down!
  • A preapproval gives your offer more bargaining leverage. Sellers and agents know you’ve got your paperwork together and are ready to buy.

Two ways to Finance a Vacation Home

  • Use you existing equity: You could cover all or part of the purchase using the equity in your primary home. This is possible via a cash-out refinance or a home equity loan on your current home.
  • Using a conventional loan: You could finance the purchase by taking out a conventional loan on the second home. 

About Second Home Mortgages

Financing a second home or vaction home comes with a different set of financing rules than financing a primary residence. Before apply for a vacation home loan, you should know that:

  • You may need at least two months of cash reserves
  • You'll need to put at least 10% down
  • Credit score requirments are higher than for a primary residence
  • Interest rates are slightly higher than for a primary residence
  • You could potentially use rental income to help cover your mortgage payment (you must live in the your vacation home for at least part of the year).