All Forum Posts by: Anand Khanna

Thanks for your reply :)
The properties I’m looking for are in the city of Reno/Sparks in Nevada. They’re not on the coast or in the mountains. They’re pretty standard SFHs

 Thank you Theresa, your help is much appreciated! 🙏

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

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