Vacation Homes



  • Up to 90% LTV available with No Monthly Mortgage Insurance
  • Jumbo available up to 95% LTV with No MI
  • Single Family Residence and Condos-both Warrantable and Unwarrantable, including Condotels
  • Conventional Loan Amounts up to $679,650 or purchase price up to $850,000.
  • Loan Amounts up to $3,000,000
  • Credit Scores down to 620
  • Up to 50% Debt to Income
  • Full Doc or Bank Statement programs available
  • Interest Only Option
  • Loan may be available for E-Sign and Virtual E-Close

All available for Second Homes or Vacation Homes



Up to 90% Rate & Term Refinance

Up to 85% Cash Out Refinance

Loan may be available for E-Sign and Virtual E-Close

Fannie Mae Second Home Guidelines


Second Home Properties

  • Must be occupied by the borrower for some portion of the year
  • Must be suitable for year-round occupancy
  • The borrower must have exclusive control of the property
  • Cannot be subject to any agreements that give a management firm control over the occupancy of the property

Contact Us


 NMLS# 193181

Southchase Mortgage

22394 Miflin Road, Suite 201A, Foley, AL 36535

(251) 625-0444


Monday - Friday: 8am - 8pm

Saturday: 8am - 8pm

Sunday: 8am - 8pm

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