Best option for financing vacation home.

[Travis Peterson]

I am looking to purchase a vacation home in the Phoenix AZ market. This will be a vacation home for my family and a STR when not in use by us. My budget is $1,200,000 and I can put 20% down. What is the best option/mortgage for me? Do I talk with a local bank, national bank, or mortgage broker?

[Melanie Johnston]

@Travis Peterson

Here are some search results for different parts of town. For maximum flexibility when attracting short-term rental guests, always start your search with non-HOA neighborhoods.

There are even some neighborhoods without HOAs that have 30-day minimum rentals, but I've weeded those out.

This search includes homes priced up to $1,300,000, as most sellers are currently being flexible on price.

https://www.flexmls.com/share/...

Let me know when I can help.

Melanie