Can I buy another "second home" for STR with 10% down?

[Anand Khanna]

Hey all,

My wife and I own a "second home" in Reno Nevada which we purchased with 10% down and were planning to purchase another one, but our lender told us that we can't get another loan for a second home within ~100 mile radius of an area where we already own a second home/primary residence. Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.

Thanks