Vacation/2nd Home Loan Parameters

[Denis Ponder]

Good afternoon,

Can someone point me to good information about vacation/2nd home loans?  For example, if I purchase a property this way, what requirements do I have to meet/follow (use it so many days a year, etc)?  I assume I can only have 1 vacation/2nd home loan at a time?  Is there a seasoning period, like a primary residence, where I can do this again?  Thanks for your time.