Qualify for Financing
Will you be paying cash, using a retirement account, 1031 money, or will you need to qualify for financing?
Most people typically put down a minimum of 20% and rates in 2021 are competitive with primary home interest rates.
Issues that can arise in the second home resort community are ‘condo-tels’, owner occupancy requirements, commercial/ residential mix, and more. Please put our experience to work so that you can have a simple and easy process from the beginning.
We understand that you may have a lender you’ve worked with in the past, and we are more than happy to work with them. However, depending on which type of property you are interested in they may not be able to finance. We would like the opportunity to talk with them at the beginning rather than have a nightmare happen the day before closing.
Feel free to call our office to get a list of our recommended lender partners in order to get the process started.