What is required to purchase a second home?

Asked by Jeannette Zapata, Brideport, CT 06610 Mon Mar 9, 2009

I currently own a home, but I'm looking to purchase a second home. I rent out the two family that Icurrently own. I would like to purchase a 1 family home and would like to know what is required.

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Vidiella Lynn, Agent, Trumbull, CT
Tue Apr 9, 2013
Hi, I know that you will probably need at least 20%-25% down because its a 2nd home. You will have to check with a lender. If you do decide to purchase, you can give me a call at 203-218-2229. I would be happy to assist you.
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Dan Ross, Agent, Southington, CT
Mon Mar 9, 2009
A good first step would be to contact a loan officer. He/she can review your credit score, income, including rentals, down payment, and debts to determine what you can qualify for. Once you know that you can start shopping.
Web Reference:  http://www.danrossre.com
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