Second home for us, rental for the kids

[Jon C]

My wife and I live in Vancouver WA and are looking for a second home. My wife and I very much want to get our adult daughter and her family into a house but the CU I called told me that we'll need 20% down to qualify for a loan on a second home. That seems pretty steep to me but arguing with the guy wasn't going to help any. For our daughter and her new husband to get a loan, they only need 3%, unless the CU finds out we gave them the money for the down and then it goes up to 20% again.

We don't have an agent, but will probably need one since we're all novices. Resources and pointers are very much appreciated.

Jon