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Updated about 4 years ago,
Vacation Home Loan Requirments
Hello,
I would like to buy a vacation home this year, with the intent to mostly use it as a short term rental. I know I have to manage it myself and can't have a lease on it. I have great credit and think my current DTI is around 45%. Can anyone educate me on the loan requirements, as far as DTI requirements, cash reserves, or anything else I should expect?