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Anybody here do a second home loan?

Posted on 6/21/13 at 4:03 pm
Posted by BullredsRus
Baton Rouge
Member since Aug 2007
754 posts
Posted on 6/21/13 at 4:03 pm
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.
Posted by ItNeverRains
37069
Member since Oct 2007
25363 posts
Posted on 6/21/13 at 5:58 pm to
2nd home, 50 miles from primary residence, otherwise it's an investment type loan. Little higher rate, otherwise very similar
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