If you are looking to finance a second home or vacation home, our Experienced Mortgage Brokers can help. The rates for second/vacation homes are typically the same as if you are purchasing a primary residence. The minimum amount of down payment required is 10% of the sales price.
Whether a home qualifies as a second home will depend on where it is located as compared to your primary residence. For example, if your primary residence is located outside of the state of Arizona, and you are looking to purchase a home here in Arizona, the lender will consider it a second home. However, if you live here in the Valley, and want to purchase another home in the Valley, the lender will not consider it a second home, but will consider it an investment property.
When shopping for the best mortgage broker in Arizona, you need to know the history of the company and their mortgage brokers. At Counsel Mortgage Group, LLC, founded by an experienced CPA and attorney, we have closed hundreds of loans over the years and specialize in assisting you to obtain the right loan. Check our our experienced mortgage brokers and give us a call today or contact us. We look forward to working with you!