Question Details

Linpickles, Home Buyer in Winter Garden, FL

FL. resident 8 years, Home owners, Great credit, NONE RESIDENT STATUS. Do we have to put 30% down to buy 2nd home.?

Asked by Linpickles, Winter Garden, FL Wed Jun 12, 2013

Help the community by answering this question:


Shop around for a mortgage broker that can explore all your financial options and advice you properly. Mortgage broker have access to many banks, private lenders and many different programs.
The reason that they are asking for 30% down is not because you are not legal resident, is because is a second home and they consider that as an investment property.

Best of Luck,

Maria Cipollone
0 votes Thank Flag Link Wed Jun 12, 2013
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