Requirements For Buying A Second Home May 2026

Some lenders may accept a score as low as 640 if you provide a larger down payment (typically 25% or more).

: Most lenders require a minimum of 10% to 20% down . requirements for buying a second home

: Lenders generally look for a score of 680 or higher . Some lenders may accept a score as low

: You must demonstrate enough liquid savings to cover two to six months of mortgage payments and expenses for both properties. Property & Residency Qualifications requirements for buying a second home

Some lenders may allow up to 45% or 50% if other aspects of your application are exceptionally strong.