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Alex Guerra
  • Corpus Christi, TX
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Financing a Cabin/Vacation rental

Alex Guerra
  • Corpus Christi, TX
Posted Sep 15 2015, 08:12

Hello All,

I recently found a property located in South Texas. It's 2.5 acres with 130' of riverfront property and a 2 bedroom 1 bath cabin on the property. I was considering moving out there or using it for a vacation rental when I work out of town. I tried to get approved from a lender and they approved me but then looked at the house and told me that they do not finance cabins. I asked them if they knew any other lenders that do and they couldnt help me out. Is this very common for lenders? Why would they not want to finance a "cabin"? Any help or advice would be greatly appreciated. This is a once in a lifetime deal with 4 other people looking at the property. Thanks in advance.

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