Finance a Vacation Home | Vaction Home Mortgage| Total Morgage

Buying a Vacation Home


Vacation homes are built for relaxation, but securing financing can be stressful.
See which loan options are best for you.

Vacation Home

I want to buy a vacation home, where do I start?

That’s awesome. Not only are vacation homes great for vacationing, but they can turn into a ready source of rental income or give you a chance to build home equity. If you’re searching for the perfect property, be sure to get pre-approved—it looks great to sellers when you make an offer.

A fixed rate mortgage perfectly suits today's low interest rate environment. The 30 year option is the one you hear about most, but there are also 10-, 20-, and 15 year terms for those who want to pay off their mortgage quickly.

A Jumbo Mortgage is what you will need if your loan surpasses the conforming limit (the largest size loan Fannie Mae or Freddie Mac can purchase). The conforming limit starts at $417,000, but varies by locale.

Since many loan programs (like FHA loans, VA loans, and USDA loans) are only available for primary residences, your options are going to be slightly limited. But that doesn’t mean you’re going to be stuck in a bad loan.

Why Choose Total Mortgage?

All we do is write mortgages, and we’ve got the process down to a science. Also:

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Get a personalized rate quote.
Call 203-349-9574 or fill out the form to get started.