What are the distance requirements when buying multiple second homes?

So, isn't a second, second home really a third home? It is. You can only have ONE second home. Distance does not matter. But before you sweat the details, because so many people have tried to play that game and do what you are suggestion, earlier this year, Fannie and Freddie increased their pricing adjustments, making the rates on a second home just as high as investment property loans. Get yourself approved for an investment property loan, buy the place you want and enjoy it.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.

There is no official distance requirement. Rather, there is just a "does it make logical sense" requirement that it would be a second home. For example, if your primary home is in Houston, and you are claiming a home on the other side of town as a second home, that makes no sense. But a primary in Houston, a vacation in California, and a different vacation home in Florida would make all the sense in the world. I lend in MN WI IA SD ND. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132