But first, a few questions to ponder:
Will you rent your second home when it’s not being used?
If you’re planning to rent out your new home on a regular basis, a lender may view this as an investment property rather than a second home. Lending requirements are often different for investment properties, which is why it’s important to discuss your specific goals with your loan advisor.
How far is it from your primary home?
Vacation and second homes have unique lending stipulations, including how far away they can be from your primary residence. With different loan options and requirements for second homes, an APM loan advisor can help guide you to the right loan program for the specific property you’re considering, wherever that may be.
Keep the vacation going all year long when you purchase a second home.
We’re here to support all your home-buying dreams. A lakefront bungalow, a cabin near your favorite ski slopes, a desert getaway, a condo in Hawaii. If it sounds good to you, it sounds good to us.
Your second home is a special place that requires special home financing. APM can provide you with a vast selection of loan programs to help get you there. An APM loan advisor will help you determine affordability and guide you through all the lending requirements for your new home.
Looking for some basics on how financing works? Take a look at our video for a quick hit of information.