Looking for advice on a 2nd home purchase in FL

I am looking to purchase a home in Southern Florida as a second home or vacation home. I am trying to figure out how to attain a loan for the least money down, preferably 5%. Is this possible in this market wether through a standard 95/5 30 year fixed or possibly a 1st and 2nd aka 80/15 me bringing 5% down?I am not looking for a premium rate, but want something reasonable. I think I am ok on Debt to Income ratios.Let me know if anyone has any opinions or thoughts on how I should proceed? I have only contacted 2 banks, 1 was a local bank in Key West that required 30% down and you could not have a 2nd, and another was B of A that wanted 30-40% down! by flkeyslover from Clearwater, Florida. Aug 24th 2009 Reply