Does anyone know of banks offering 90% LTV on vacation condos?

90% is allowed, however some investors don't like condo's so they will lower the allowed Loan to Value.. your probably running into a lender overlay.. try contacting a local mortgage broker, not a bank or internet lender.. the broker has access to numerous lenders, and he can find the right one for your particular scenario.. 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

If you are talking about a second home we can help you with 10% down and 640 credit score or better. If it has to be bought as an investor you would need 15% down.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for Heroes affiliates

Most lenders will do 90% on a second home. Call one of the Lender 411 mortgage professionals in your area. They will be able to answer your questions based on your specific situation. Good Luck.

Yes, as a Second Home. Just wnat to make sure it is at least 50 miles away or in a resort town.

I can do 90% on condos call us!

The fact that the property is a condo should not make a difference on the loan to value if it is a second home.

Fannie Mae Eligibility Matrix dated October 2, 2012 states the maximum loan-to-value is 90% on second home purchase. Just be mindful that the end investor on your loan may have additional restrictions in loan-to-value and definitely expect to see an adjustment to the interest rate for both FICO score, loan-to-value and 2nd home purchase. Traditional banks will want 20% down; therefore, seek out a local mortgage banker who can facilitate your loan. Good luck!

You should be ok as long as the condo is not in Florida.

Contact forum members who responded.

That is just their own overlay. Contact a lender411 loan officer to help you.

As long ay the Development is ok, You should be OK.Contact me: Jim Mazzola732-501-4249

Condo's can be tricky to finance depending on the nature of the development. If there are a lot of rentals or an on-site (or internet) rental office they can be particularly difficult. We finance up to 90% on vacation homes including condo's that fit normal guidelines. Contact Sean Thompson from our office in NJ: sthompson@primelending.com

Yes, more details,, I have answers Craig Prickett 954 558 4430 www.firstfloridafin.com

Hi, I have a lender that offers 80 LTV on vacation condos. Let me know if you'd like to discuss. Contact me at Andrea@monumentmortgage.net or 215-272-1157. Thanks, Andrea