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Updated about 2 years ago on . Most recent reply
Vacation Property mortgage lenders
Hi, I am new to bigger pockets and loving all of this great info! I am looking to make my first purchase and want to get into the short term rental market, particularly looking in the Outer Banks of North Carolina. Does anyone have any advice on Mortgage lenders? I was hoping to do a 10% down vacation property loan. Thanks for any advice you can give!
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#3 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @James Ridgeway:
Hi, I am new to bigger pockets and loving all of this great info! I am looking to make my first purchase and want to get into the short term rental market, particularly looking in the Outer Banks of North Carolina. Does anyone have any advice on Mortgage lenders? I was hoping to do a 10% down vacation property loan. Thanks for any advice you can give!
Check Out this page here on BP - AirBNB STR Rental Loans section
https://www.biggerpockets.com/...
We have also financed several STRs in Outer Banks at Easy Street, I'd be glad to help, although we strictly do DSCR loans and 20% minimum down