Bank recommendations for 2nd home/vacation loan?
Hello! I am looking for bank recommendations for favorable terms for a 2nd home/vacation loan. I am located in PA. I was hoping to only put 10% down and I am not as concerned about the interest rate. Does anyone know of a bank offering 10% down? So far I have been quoted 15% and 20% down. Thanks!
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- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I used Associated Credit Union out of Georgia. They kept the loan in house.
I used Ben cox. 10% down. No affiliation but I would recommend
I got my 10% second home loan through Bill Kramen, he's in Wilmington, DE and does loans in PA too. Great guy, kept my closing on track despite delays with the HOA paperwork. https://people.grarate.com/bil...
Some of my buyers used Movement Mortgage recently.
@Lauren Kormylo Thank you! I reached out to him and him know you referred me.
Quote from @Alison Pidgeon:
@Lauren Kormylo Thank you! I reached out to him and him know you referred me.
You're welcome!