Big Changes Coming to Second Home Pricing


Did you hear the update about pricing for second homes? Currently someone can buy a vacation home with rates similar to a primary home purchase. However, effective April 1st, the interest rates on second homes will be comparable to non-owner occupied (investment) properties, meaning they will be significantly higher. However, down payment requirements will remain the same. 

If you are shopping for your next vacation home, I highly encourage you to educate yourself on the changes coming because it will change your pre-approval amount once they take effect.Please feel free to reach out if you have any questions about this update. I’d be happy to chat through it with any questions you might have! Or if you’re ready to get started, you can
apply here!



The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.