Is it difficult to get a loan for a vacation property if you do not own your primary residence?

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A 2nd home loan should be no more difficult to obtain even if you don't own a primary. Good Luck!

No - they may require a little more money down -- but that's about it!! Andrew

I agree with the advice so far. Should be no problem. Good luck!

Good Morning! The credit score requirement, cash reserves, and down payment are all factors that are more stringent when looking at a vacation property. This is viewed as an investment for most lenders as you are not attesting that you will occupy the property as your primary residence, thus leaving it open for the likelihood of it becoming a rental property. I'd be happy to help you find some direct solutions if you'd like. We are a direct lender in all 50 States. Thank you and good luck!

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It should not be an issue as long as your ratios can carry the new mortgage and the cost of your rent.

The answer would be No if you are qualified, but keep in mind if you decide to buy a primary residence the vacation home will effect that purchase ,

Not at all! Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

Most lenders will require 20% to 25% down payment, and you can not show any rental income from that property, which may affect your debt ratio. Otherwise, standard income and credit guidelines should apply. Enjoy you new vacation home.

No - not as long as you qualify for two properties.

That would not cause any problems in and of itself.