Anybody here do a second home loan? | TigerDroppings.com

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BullredsRus
LSU Fan
Baton Rouge
Member since Aug 2007
383 posts

Anybody here do a second home loan?



Looking at possibly buying a weekend camp in False River or Toledo Bend. Are there restrictions on how many miles it has to be from your primary residence in order to qualify? I thought you could do 10% down for a second home if it was "X" miles from your house but maybe that is old info.






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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6573 posts

re: Anybody here do a second home loan?


2nd home, 50 miles from primary residence, otherwise it's an investment type loan. Little higher rate, otherwise very similar





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