There are lenders out there that are offering 90% on a 2nd home.. Your credit has to be stellar, and ratios must be in line, but there is a loan product out there.. Here in AZ we have several sources, but I'm not sure about DC... Click on the link above "Find a Lender".. Type in your zip code and search for a local mortgage broker.. (stay away from the local banks and internet lenders)... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
On a second home, I think you are going to be stuck with a 90% one loan. Check with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. If what you are looking for exists in VA, a local Mortgage Professional will have access to it.~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950
the only loan that I know of is for a second home is a special loan for 3% down and you need to buy certain homes. email me at yourloanpartnerforlife@live.com linda
Would need more information as to where in Virginia the property is located but yes, there are lenders who will do an 80/10/10 for a second home in Virginia. I am a licensed loan officer serving VA, MD & DC with Patriot Mortgage in Laurel, MD. Call me at 804-677-8588 to discuss you situation in more detail. Lynn Kinsel
With more details of your situation I would be glad to give you the answers today. Give me a call to review the best rate and fee options Mark 800-485-1387- Extension 107
I do not know any lenders that are doing 80/10/10 loans at all anymore.
I closed a similiar loan than this not even 2 weeks ago I would be more than happy to assist you in this process. Feel free to contact me at mwells@equitymortgagelending.com or 1-800-949-0101 ext. 2339. If I do not answer leave a message and I will return your call promptly.
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