Buying A Second Home — Requirements For

To qualify for a "second home" mortgage rather than a more expensive "investment property" loan, the home must meet specific occupancy rules: A guide to second home down payments - Chase Bank

A "very good" score (740+) is often necessary to secure the most competitive interest rates. requirements for buying a second home

While primary homes can sometimes be purchased with as little as 3% down, second homes rarely offer this flexibility. To qualify for a "second home" mortgage rather