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Updated about 2 years ago,

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Where to get second home loan with 10% down for a condo

Harmony McGorman
Posted

Hello BP community, 

I was so excited to put my first offer in on a condo in Campton, NH; I had the preapproval and the money to finance a 10% down loan.  I got stopped dead in my tracks when my realtor told me most banks will only finance a second home condo with minimum 20% down. I contacted the credit union I was dealing with, and low and behold it was accurate.  So now I am completely discouraged.  Is there a specific lender that you know that will fund 90% of a condo using a second home loan?  Thanks in advance for advice!

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