Vacation Homes & 2nd Homes to avoid 20%

[Antonio A.]

Hi

In the interest of avoiding the 20% down required for investment properties, I have a simple question. What kind of down payments are vacation homes subject to?

How long do you have to live in a “second home“ after you purchase it in order to not get in trouble with the mortgage company?

Thanks

[Colleen F.]

@Kenneth Garrett the issue with the vacation home is you need to qualify on your income, not the property rental income. Unless someone has a different experience.