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I want to purchase a vacation home. How much do I need to put down? I was told 25%

by dhk8922 from Lacamp, Louisiana. Sep 13th 2018 Reply


Kevin Morgan (ArborLending)
#20 ranked lender in Louisiana - 22 contributions

It would be considered a 2nd home. You will have options with as little as 10% down. I would be happy to help. I am local kmorgan@arborlending.net

Sep 13th 2018
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Unless you have really bad credit or no income, I'd find a new lender.

Sep 13th 2018
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,785 contributions

Standard traditional conforming loans loans only require a 10% down payment for a second home. I'd get a second opinion. The only time you should need that much for down payment on a second home is if you have credit issues.

Sep 17th 2018
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