Can I finance a vacation home?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. Vacation homes are financed as second homes, typically with 10% down, as long as you occupy them part of the year and they're a reasonable distance from your primary residence.
Florida is a top vacation-home market. If you intend to rent it regularly, an investment or DSCR loan is the proper fit. We'll match the loan to how you'll use it.
Yes, as a second home
Yes. A vacation home is financed as a second home, which typically needs about 10% down and a credit score similar to a primary purchase. Florida is a top market for these purchases.
The home must be for your personal enjoyment, not a full-time rental, to get second-home terms.
If you plan to rent it
If you will rent it often, an investment or DSCR loan may fit better and can qualify on the rental income. We help you choose based on how you will use it.
Ready for a Florida getaway? Reach out and we will find your vacation-home loan.