Second Home Vacation Loan Inquiry

[Steven Hastings]

My wife and I are interested in purchasing our first STR in the Poconos in PA. After some researching, we found the 10% down vacation/second home loan. I know there are specific requirements with this loan. My question is, can you qualify for this loan if you don't have an active conventional mortgage or mortgage in general? We are currently renting a condo and wanted to know if we could qualify for a loan like this, or if we would have to do 20-30% down. Thanks in advance!