Requirements For Buying A Second Home -
: Most lenders require a minimum of 10% to 20% down .
A "very good" score (740+) is often necessary to secure the most competitive interest rates. requirements for buying a second home
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 : Most lenders require a minimum of 10% to 20% down