Second Home Loans
Financing for a vacation home or getaway property.
Second home loans finance a property you'll use as a personal residence part of the year - not a rental. Because it's not your primary residence, down payment and pricing expectations are slightly higher than a primary home, but generally more favorable than an investment property.
What a Second Home Loan Looks Like
A quick read on who this program fits, what it takes to qualify, and where the money goes - so nothing feels like a surprise.
Who It’s For
Financing for a vacation home or getaway property.
- Buyers of vacation or getaway homes
- Buyers relocating part-time
- Buyers with strong credit and reserves
How You Qualify
Underwriting reviews credit, income, and the property together to build the loan.
- Property must be reasonably distanced from primary residence
- Must be suitable for year-round use
- 10%–20% down typical
What It Costs
10%–20% down; larger down payments unlock better pricing. - Standard 2%–5% range.
- Better pricing than investment property loans
- Fixed and adjustable options
- Jumbo second-home financing available
What You’ll Need to Qualify
- Property must be reasonably distanced from primary residence
- Must be suitable for year-round use
- 10%–20% down typical
- Credit generally 680+
Have These Ready
- Standard income/asset documents
- Bank statements
- Property insurance
- Photo ID
Not Sure If You Qualify Yet?
A licensed loan advisor will walk your numbers with you - no credit pull, no obligation. You’ll leave the call knowing exactly what to fix first.
The Upside - and What to Weigh
Every program has trade-offs. Here’s the honest picture side by side, without the marketing gloss.
Benefits
- Better pricing than investment property loans
- Fixed and adjustable options
- Jumbo second-home financing available
Considerations
- Cannot be rented full-time under second-home guidelines
- Higher down payment than a primary residence
- Reserves often required
- Buyers who intend to rent the property most of the year (this is an investment loan)
- Buyers without at least 10% down
- Borrowers without reserves for both homes
Run the Numbers on a Second Home Loan
Adjust the price, down payment, and rate to see an estimated monthly payment. Great for narrowing the search before you formally apply - a quick preapproval confirms your real numbers.
Estimate only. Taxes, insurance, and PMI vary by location and loan program.
Get Preapproved
From Application to Keys in Typically 30–45 days from application to close.
- 01Apply
Quick online form or a 10-minute call.
- 02Verify
Income, assets, and credit reviewed together.
- 03Appraisal
Property value confirmed for the loan amount.
- 04Close
Sign, fund, and get your keys.
More for Second Home Loans Shoppers
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Run the Numbers
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Free Downloadable Guides
Questions We Hear About Second Home Loans
Can’t find yours here? A licensed advisor can walk through your specific situation in under 15 minutes.
Straight answers, no pressure - email or call directly.
See if a Second Home Loan Fits Your Situation.
A 10-minute preapproval gives you real numbers and a licensed advisor to answer questions - no pressure, no obligation.
