Financing for the Place You Escape To

Second home financing is built for a property you intend to use yourself, a beach house, a mountain cabin, a place near family, rather than one you're buying purely as a rental investment. Lenders draw a real line between the two, since a second home you'll personally occupy part of the year is viewed as lower risk than a property that lives or dies on tenant income.

That distinction usually works in your favor. Second home loans typically come with better rates and lower down payment requirements than investment property financing, closer to what you'd see on a primary residence loan, though usually not quite as favorable.

Lenders will generally want the home to be a reasonable distance from your primary residence and available for your own use year-round, not rented out most of the year with occasional personal visits. If short-term or seasonal rental income is part of your plan, it's worth discussing upfront so we match you with a program that fits how you'll actually use the home.