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Updated almost 3 years ago on . Most recent reply
2nd Home Loan With No 1st Home Loan?
Good Morning Everyone!
I was wondering if anyone could provide an answer to my question. Can you be approved for a 2nd home loan if you do not currently have a mortgage on a 1st home, or, are not currently on a deed (a/k/a renting atm)? If having a 1st mortgage, or, your name on a deed is a requirement, could your name be added to a deed to accommodate that requirement? I am having trouble finding any answers to this online so I figured I should go straight to the experts. Thanks so much for your time! It is always appreciated.
Most Popular Reply
Yes you can. Sounds like you are looking to buy a rental property or a vacation home?
You do not need to own your primary residence in order to be qualified for a loan on a rental property or a vacation home.