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Updated over 7 years ago on . Most recent reply

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Thomas Hickey
  • Real Estate Investor
  • Peabody, MA
91
Votes |
304
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Vacation rental minimum down payment?

Thomas Hickey
  • Real Estate Investor
  • Peabody, MA
Posted
Hi All, I am wondering what is the lowest down payment product that anyone has heard of for a vacation rental/ home. Well aware of the pitfalls of vacation homes but I figure if the numbers worked and I get it when it's not rented it's something worth looking into. Thanks in advance! Tom

Most Popular Reply

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1,543
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Kevin Romines
  • Lender
  • Winlock, WA
1,100
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1,543
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Kevin Romines
  • Lender
  • Winlock, WA
Replied

If you buy it as a second home through Fannie Mae, you will need to put 10% down and you must occupy the home for a min. of 15 days a year. After that, what you do with it is up to you?

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