Need Vacation Home Loan Lender In Joshua Tree/Big Bear Area

[Nick Mangiapane]

I am nearly ready to get prequalified for a loan and buy a property in Joshua Tree or Big Bear area. I would like to take advantage of the Vacation Home loan with 10% down. These locations require a property manager and I know some lenders do not allow a property manager for this type of loan, but I’ve heard that some allow. Any advice on lenders? 

[Dave Skow]

@Nick Mangiapane  1) fyi - 2nd home loans used to be  priced the same as primary home loans - several  months ago - the  pricing and  guidelines for  2nd homes tightened  up and  the pricing  is now closer to rental property  pricing than  primary home pricing    2) the  prop management aspect will likely  create an  issue with many lenders  3)  you might consider  buying it as a rental proeprty  as  you might be able to  put as little as 15% down and  also  deal with the prop mgt issue  easier