5% Down Vacation Home Mortgage
Owning vacation or recreation property can be an extremely rewarding experience! Borrowers can now obtain financing on vacation/recreation homes with 5% down. These vacation/recreation properties do not have to meet the normal lending guidelines. For example, they do not have to have a permanent heat source or the foundation may be floating. The water source does not need to be drinkable; however, there must be running water in the home. The property can also be only accessible by boat or seasonal road.