Mortgages for vacation property.

It is possible to obtain a zero down, interest only mortgage for a vacation property or second home. This program is very similar to the same type of mortgage for a primary residence. However, its qualification standards are a bit more rigorous. But, not as high as the standards for qualifying for a zero down, interest only mortgage on an NOO (Non-Owner Occupied), investment property. The vacation property or second home mortgage program is somewhere in the middle, and what's available, and how a borrower obtains one of these mortgages is not quite as "cut and dry" as primary residence or non-owner occupied programs.

If you're serious about getting one of these mortgages, and want to have reliable facts about all the aspects of these mortgage programs, it's best to confer with an experienced loan consultant. At Mortgage Match, our Senior Loan Consultants can advise you of what's available, and what you need to qualify. You can talk to one directly, or schedule a free consultation, by clicking here.