Is there any mortgage offer low down payment for 2nd home purchase?

Your standard 2nd home (Vacation home) is 10% down payment. I don't know of anything less than that.

Conventional is the only financing type you can get a 2nd/vacation home loan on, and the minimum down payment is 10%.. and you have to pay mortgage insurance.. For 2nd home with MI, the cost will be higher than if it were your primary. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893