get second home mortgage rate for investment property

[Jack Brown]

is it possible to get second/vacation home mortgage rate for an investement property? 

[Chris Mason]

Hi @Jack Brown,

Undefined, and a BS detector catches the fraud most of the time. Underwriters are allowed, and encouraged, to use google and common sense. 

• Someone wants to buy a "second home" that's a 45 minute drive from their primary residence in a C- neighborhood? BS alarm goes off. No way. That's a rental property. Do not pass go, do not collect 225 basis points, etc.
• You, living in Scottsdale, Arizona, in the desert, want a vacation home near beautiful Lake Tahoe, so you can water ski in the summer and snow board in the winter? An underwriter unfamiliar with Lake Tahoe can google "why is Lake Tahoe an appealing vacation destination," read the results, and it makes perfect sense why you might want a "second home" at that destination.