Lender Recommendations Second Home

[Daniel O.]

Hello,

I am currently looking into buying a second home in Michigan. One hour northwest of Detroit. This will be a lakehouse in which we will stay there when we visit family for part of the year. We currently live in CA. When not using the lakehouse, we will rent it as a Airbnb, VRBO. I’m looking for lenders that will accept 10% down for conventional 30 yr second home mortgage. I’ve reached out to a few of the big lenders but their requesting 20-25% down with points. 

Also, we have cash saved up for 20% down.  Lakehouse price = $385,000 but would rather only put down 10%. Advice on this as well?

Any advice would be much appreciated. Thank you!