Buying a second property—whether as a vacation home or an investment—requires meeting stricter financial standards and planning for unique tax implications compared to a primary residence. To successfully navigate this process, you must first define your goal, as lenders use different criteria based on whether you intend to live in the home or rent it out. 1. Key Financial Requirements
: While primary homes can often be bought with 3–5% down, second homes typically require at least 10–25% . Investment properties often demand a minimum of 15–25% . how can i buy a second property
: Expect to need a score of 640 to 700+ . Buying a second property—whether as a vacation home