Vacation Home Loans in Florida is one of the best investment and lifestyle moves you can make. CambridgeHomeLoan.com can provide low down payment products. With low-interest rates, tax advantages, and appreciation of value why not invest in a vacation home. Apart from the immediate benefit of having a place to stay in your favorite vacation spot, the peripheral rewards of owning a vacation home can make the acquisition especially lucrative, especially if you plan to rent the property when you’re not using it.
If you have been thinking about buying a vacation home in Florida but aren’t sure if you’d qualify, you may find the process easier than you think.
Typical Second Home Mortgage Loan Requirements:
- 10% minimum down payment
- 620+ Credit Score
- 45% or less Debt-to-Income Ratio
- No Recent Bankruptcies or Foreclosures
- Verifiable Income
CambridgeHomeLoan.com has vacation home loans from FHA second home loans to P&L and Statement Only loans for business owners buying a vacation home for their own use and investment home loans for Airbnb and investors in the Florida Market.