Property Types
Can I buy a vacation home in Florida?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. Second-home financing typically requires 10% down and is available for vacation properties you'll use part of the year. The home must be a reasonable distance from your primary residence and not a full-time rental.
Florida is one of the top second-home markets in the country, so these loans are routine here. If you plan to rent it out regularly, a second-home loan won't fit and we'll use an investment or DSCR loan instead.
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