Short Term Rental/Vacation Home Mortgage Recommendation

[Dennis Cobos]

I'm a new investor looking to get into short-term rentals, and in doing my research I've come across the '10% down vacation home mortgage' so I'm looking for lenders that offer this. Any lenders that you would recommend for this type of loan?

Any help would be appreciated! Thanks!

[Luke Carl]

all lenders offer vacation homes. vacation homes are not for renting though. If you've got a big enough day job to back up the mortgage then you'll qualify for 10% and you CAN put it on vrbo when you're not using it. But if you're running spreadsheets... it's a rental, and that's a different mortgage.

Anyway to answer your question, any lender CAN do second homes. If they're saying no it's because they're just not used to it. Call someone else.

Can't ask for recommendations here on BP so I won't give any.