How to Finance a Second Home or Vacation Property in Florida

Dreaming of a vacation home near the beach or a peaceful weekend retreat in Florida? You’re not alone. Whether you're looking for a seasonal getaway, an investment property, or a place for family visits, financing a second home is possible—and more common than you might think.

What Counts as a Second Home?

A second home is typically a property you plan to occupy for part of the year, separate from your primary residence. It’s different from an investment property (which you rent out full-time) and may qualify for better mortgage terms.

What Are the Requirements?

Financing a second home often requires:

• A higher down payment (typically 10–20%)

• Stronger credit (usually 680 or higher)

• Stable income and a solid debt-to-income ratio

• The property must usually be accessible year-round and located a reasonable distance from your primary home

  
  

Tips for Financing Your Vacation Property

1. Get pre-approved early – Know your budget before you shop.

2. Consider rental income – Some lenders may count projected short-term rental income (Airbnb, VRBO) toward your qualification.

3. Explore loan options – From conventional loans to jumbo or portfolio products, there are various ways to structure financing.

   
   

How I Can Help

As a local Miami lender with experience working with both U.S. and international buyers, I can guide you through the process, help you understand the requirements, and find the loan that best fits your financial goals. Whether you're buying in South Beach or the Keys, I’m here to simplify every step.