Hi,

You might want to call National City Mortgage in Plymouth, MA... Tony Pandolfo 508-746-4750 ext. 116... last I heard he had a 5% down program for "second homes" they have to be 50 miles away to qualify... call him and find out, he is great and non-pushy, plus National City Mortgage lends its own money so they set their own rules.

If it works out and you are looking for a Realtor who knows the Wareham Area... It would be my pleasure to assist you with your purchase.

Gayle Bartlett
Team South Coast
Keller Williams Realty
508-717-9004

Hello Ana- I just checked out the latest restrictions per all the Private Mortgage Insurance Companies out there- (6 total). Nobody will allow less than 20% down payment on a 2nd/ vacation home anymore- anywhere. So you'll need 20% down minimum.
The only exception might be if a seller might be willing to hold a small 2nd mortgage on the property for you. I'm a lender in Mass and NH, and I'd be glad to try to help you out further if needed.
Thanks, and good luck,
Ken L.

Hello Ana, Have you found your second home in Wareham yet? Are you working with a real estate professional? I currently have a waterfront lisiting in Onset in Wareham, MA. It is on Sias Point with direct frontage on the ocean overlooking Buzzard's Bay and the entrance to the Cape Cod canal. It is truely a spectacular location and the property is priced well-below assessed value! If you need an agent to help you find what you need in Wareham, please call or e-mail me. I can also help steer you in the right direction for financing your second home. There are many lenders who speciallize in this type of financing! If you are already working with an agent, please have them call me so I can schedule an appointment to show you this great property!
Best wishes,
Lori A. Soares

I grew up in Wareham, particularly in the village on Onset, and loved it there. Is there a particular section of town you're interested in buying a place?

I would call some banks in the area and see what their rules are for getting a mortgage.

I agree with the above poster, Each lender has different guidelines. I would like to offer my services to you. I am a full time Realtor who is very familiar with Wareham. Please feel free to contact me.
Brenda
508-360-6902

There are different lending rules depending on what bank you use so there is no set answer. Generally speaking the banks will be more strict with a second home, i.e higher down-payment or interest rate.

Here is every property currently for sale in Wareham:
http://www.territoryre.com/idx/search.html?search=true&s…

Good luck!