Second
Home Loan Lenders and Brokers
Over the past few decades more and more
professionals have purchased second homes
and vacation properties in the United States.
With that growth, a greater percentage of
lenders and brokers have begun financing
vacation homes. Today, the vast majority
of companies offer products for vacation
properties. The mortgage
rates presented in the survey at the
top of this page are for owner occupied
primary residences and therefore you will
have to speak with the various companies
to obtain their current pricing for second
home financing.
Guidelines for second home mortgages are
often a bit more restrictive than with loans
for primary residences. Why? Because if
borrowers find themselves in a position
where they have to walk away from their
properties or not make a mortgage payment,
they are likely to neglect their obligations
on their second homes. Thus, many banking
institutions view vacation home as more
risky. Lending guidelines can and do vary
by lender so be sure to shop around to find
the right fit for your individual needs.
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If you are a lender that offer financing
solutions for vacation homes and would like
to be listed on this page, please call 910-547-6910
for listing details.
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