Second home lender - Durham, NC

[Jamie Wheeler]

Hey Folks, looking into using a second home mortgage for financing. Does anyone have recommendations for a lender they’ve used to do this in the Durham area?

Additionally, curious as to how that works if the house purchased currently has tenants in it. Any clarifications would be helpful.

Thanks all!

[Account Closed]

For second home, I recommenda Tony Xie in Raleigh. He is good. I will PM you his phone number.

[Kerry Johnston]

Hi Jamie,

Happy to help if you still have questions.  If you are purchasing the home as a second home, you must occupy the residence within 60 days to meet conventional (fannie mae / freddie mac) guidelines. So, those long term tenants must be moved out and you must plan on occupying the home for some part of the year.  Renting short term is allowed, again if your intentions are to occupy for periods of the year.

Feel free to reach out with any questions and I am happy to help!

[Stephanie P.]

@Jamie Wheeler

I would recommend Tom at Crescent Mortgage.  I'll pm you his number and email.

[Catherine Javier]

Quote from @Account Closed:

For second home, I recommenda Tony Xie in Raleigh. He is good. I will PM you his phone number.

Any recommendations for WA for a 2nd home loan?  Thanks!

[Stephanie P.]

@Catherine Javier

I have a few lenders that would do it for you.  I think Tom sent you one, but I'll double check.  If you need more, PM me.

Stephanie

[Catherine Javier]

Hi @Stephanie P. Yes, we closed with Tom last March 2022. 

We are trying to plan for our next plan. He said David from Crescent. 

[Stephanie P.]

@Catherine Javier

David is good. I have another local in Washington if you need

[Catherine Javier]

Quote from @Stephanie P.:

@Catherine Javier

David is good. I have another local in Washington if you need

 Yes Please! Thank you so much for helping us!! :)

[Felix Kollmannthaler]

Hi there, I have a phenomenal lender recommendation in NC. FHA, 2nd home, PR, conventional, I recommend him to everyone and literally 4/5 end up doing business with him. PM me if you still need help!

Felix