or downpayment assistance for vacation prop? Thanks. by lilloui333518 from Amarillo, Texas. Dec 30th 2019
Bert Carpenter (BertCarpenter)
Down Payment Assistance programs are designed to assist people buying a new primary residence. Second Homes and Rental property do not qualify. Fannie and Freddie will not buy notes on 2nd homes with less than 10% equity.
Joe Metzler (JoeMetzler)
I've been lending for over 25-years. I'm not aware of any options for less than 10% down payment on a second home, and there is no such thing as down payment assistance for second homes. Our company lends in TX, CO, FL, MN, WI, ND, SD, and IA. Visit me at JoeMetzler.com. NMLS274132
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