Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

6
Posts
1
Votes
Stuart Penman
  • New to Real Estate
1
Votes |
6
Posts

ISO Lenders for a vaca. mortgage in NC that know STR is allowed

Stuart Penman
  • New to Real Estate
Posted

We are planning to purchase our first str to list on AirBNB in NC. We want to finance it with a Vacation (aka second home) mortgage with 10% down and better rates. It's common, but we found many lenders don't know about it or might say they can do it but haven't done so before.  We are looking for a lender who has experience with this so they don't get shifty on us during underwriting.  We meet the rules for location, intent to occupy it personally for a part of the time, etc.  Any lenders based in NC or that lend in NC would be best. 

Side note - we also plan to do the downpayment and renovation via a HELOC, bonus points if anyone knows of an NC lender that does both.

Thank you

Loading replies...