Vacation Homes
Purchase
- 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
- NEW! We can now use Asset Based Income to calculate income for borrowers based on their liquid assets.
All available for Second Homes or Vacation Homes
Refinance
Up to 90% Rate & Term Refinance
Up to 85% Cash Out Refinance
Loan may be available for E-Sign and Virtual E-Close
NEW! We can now use Asset Based Income to calculate income for borrowers based on their liquid assets.
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