There are few holidays that say “celebrate” more than the 4th of July. Good food and extravagant fireworks displays are hallmarks of Independence Day, and the atmosphere is jubilant. If you really want to do it up right this year, you can celebrate the 4th of July in style in a new second home/vacation home.
Thinking of buying a second home? If you’re looking to buy a second home/vacation home and want the benefit of renting it on Airbnb when you are not there – we can help you and we have a great solution!.
Here’s what we can offer: We can qualify your Airbnb or VRBO income on your rental (and get better rates than an investment property loan). If you have concerns about running your new home as an investment property and all that comes with that, such as 75% LTV typically, 6 months reserves and higher pricing adjustments for the occupancy.
Mortgages for primary residences, vacation rentals, and investment properties are all eligible through our program.
For a second home, if the client resides in the home greater of either14 days or 10% of the days rented AND the home is not rented for more than 180 days, you are good to go as a SECOND HOME!!
We’re always thinking about how we can help you and make your financial life easier.