#1 California Mortgage Broker | 323-741-5858

Vacation Home Mortgage
in California

★ ★ ★ ★ ★

  • 5-Star Rated Mortgage Broker
  • Investment Property Loan Programs
  • Second Home Mortgage Loans
  • Turn Your Dream Vacation Home into Reality
  • Based in Los Angeles – Serving All of California

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What type of property are you refinancing?

Single Family

Multifamily

Condominium

Townhouse

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How will this property be used?

Primary Residence

Vacation Home

Investment Property

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Estimate credit score

Excellent 770+

Good 660-719

Avg. 620-659

Below avg. 580-619

Poor <579

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How can we help you today?

Home Purchase

Refinance

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What type of property are you purchasing?

Single Family

Multifamily

Condominium

Townhouse

You need to select an item to continue
NEXT STEP

Are you a first-time home buyer?

Yes

No

You need to select an item to continue
NEXT STEP

How will this property be used?

Primary Residence

Vacation Home

Investment Property

You need to select an item to continue
NEXT STEP

Estimate credit score

Excellent 770+

Good 660-719

Avg. 620-659

Below avg. 580-619

Poor <579

You need to select an item to continue
NEXT STEP

Final Step

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Irina Dyakun - ID Mortgage Broker

Irina Dyakun, CEO

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Vacation Home Mortgage
in California

★ ★ ★ ★ ★

  • 5-Star Rated Mortgage Broker
  • Investment Property Loan Programs
  • Second Home Mortgage Loans
  • Turn Your Dream Vacation Home into Reality
  • Based in Los Angeles – Serving All of California
Get a Quote
Irina Dyakun - ID Mortgage Broker

Irina Dyakun, CEO

GET STARTED

0$

Congratulations! You're one step closer to the best possible rates!

What type of property are you refinancing?

Single Family

Multifamily

Condominium

Townhouse

You need to select an item to continue
NEXT STEP

How will this property be used?

Primary Residence

Vacation Home

Investment Property

You need to select an item to continue
NEXT STEP

Estimate credit score

Excellent 770+

Good 660-719

Avg. 620-659

Below avg. 580-619

Poor <579

You need to select an item to continue
NEXT STEP

How can we help you today?

Home Purchase

Refinance

You need to select an item to continue
NEXT STEP

What type of property are you purchasing?

Single Family

Multifamily

Condominium

Townhouse

You need to select an item to continue
NEXT STEP

Are you a first-time home buyer?

Yes

No

You need to select an item to continue
NEXT STEP

How will this property be used?

Primary Residence

Vacation Home

Investment Property

You need to select an item to continue
NEXT STEP

Estimate credit score

Excellent 770+

Good 660-719

Avg. 620-659

Below avg. 580-619

Poor <579

You need to select an item to continue
NEXT STEP

Final Step

By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy

Summary

Description Information Quantity Price
Discount :
Total :
Get My Quote

Getting a Mortgage for a Vacation Home

Dreaming of owning a vacation home in California but unsure how to finance it? You’re not alone!

With the right vacation home mortgage, you can enjoy your dream getaway while building equity in a valuable property. Let us guide you through the loan process and find the best financing options for your second home.

With a vacation property loan, turning that dream into reality is easier than you think.
Whether you’re looking to purchase or refinance a vacation home in Los Angeles or anywhere in California, we’re here to help you secure the best loan options.

Invest in Your Dream Vacation Home Today

Make your dream come true! Do you have any questions so far?

Call us for a free consultation

323-741-5858

Get Pre-Qualified

Investment Property or Vacation Home?

Before purchasing a vacation or investment property in California, keep these important factors in mind:

  • Owner Occupancy Requirement – You must live in the home for at least part of the year.
  • Limited Rental Use – The property cannot be rented full-time and must be solely in your name.
  • One-Unit Home – Multi-unit properties do not qualify as vacation homes.
  • Location Matters – The home must be a certain distance from your primary residence.
  • Rental Income Restrictions – You cannot use potential rental income to qualify for a vacation home loan.
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Have Questions? Reach us out.

In-Person at LA Office

1810 W Burbank Blvd #150, Burbank, CA 91506

Cell-phone

323-741-5858

M-F 10 AM-5 PM (PST)

On-line

Simply e-mail or use online-chat

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The Benefits of Owning a Vacation Home

Owning a second home in California can be a smart long-term investment for you and your family. Here’s why:

Tax Benefits

If you use your vacation home as a second residence and rent it out for fewer than 14 days per year, you may qualify for a mortgage interest tax deduction. Be sure to consult a tax professional for details on potential tax savings and ways to lower your mortgage payments.

A Getaway Anytime You Need It

Skip the hassle of booking hotels, just pack up and head to your vacation home whenever you need a break.

 

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A Retirement Plan in the Making

Buying a vacation home before retirement allows you to test out a new location before making it your permanent residence. If you love the lifestyle, you can eventually sell your primary home and reduce your mortgage debt through smart options like no-closing-cost loans.

Long-Term Financial Growth

Vacation homes in popular destinations tend to hold or increase in value over time, especially when financed with competitive conventional loans.

Vacation Home Loan Process

Four easy steps to your second home:

Step 1

Pre-Qualification

Talk to Us to Know Your Options

U

Step 2

Find Your Dream Home

Enjoy a Home Shopping Experience

Step 3

Pre-Approval

Get a Loan Approval on the Terms You Want

step 4

Closing

Enjoy Your Homeownership

How to Qualify for a Vacation Home Loan? Requirements

Buying a vacation home comes with different lending requirements than a primary residence. Here’s what you’ll need to qualify:

Credit Score

A 720–740 score is ideal for the best rates, though some programs allow lower scores through FHA loans in California.

Income to Support Both Properties

Your total debt-to-income ratio (DTI) should not exceed 43-45%. This includes your primary mortgage, vacation home loan, car payments, student loans, and other debts. Example: If your pre-tax income is $10,000 per month, your total loan payments should not exceed $4,500.

Proof of Vacation Home Use

Lenders require assurance that the home is truly a vacation property, not an investment rental. To qualify, the vacation home must be located at least 50 miles away from your primary residence.

Down Payment Requirements

At least 10% down is required for a vacation home purchase. 20% down will unlock the best interest rates and eliminate the need for private mortgage insurance (PMI).

Additional Financial Reserves

Lenders require at least two months of reserves to cover mortgage payments and expenses. If you’re self-employed, you may need six months’ worth of reserves for approval.

Apply for a Vacation Home Loan

Tired of vacation rentals and hotel stays? Owning a vacation home gives you the freedom to enjoy your own private retreat anytime. If you plan to live in the home part-time, you may qualify for an owner-occupied home loan, which offers better terms than investment property loans.

🏡 Looking to refinance? We can help you pay off your loan faster or reduce monthly costs through the most efficient mortgage solutions available.

Contact us today to explore your loan options! 🌴✨

Get a Quote

Vacation Home Loans in California FAQ

How do vacation home loans differ from primary residence mortgages?

Vacation home loans finance secondary properties where the borrower does not live full-time. They usually require a higher credit score and down payment than primary residence mortgages. Additionally, they might have higher interest rates since these properties carry greater risk for lenders due to potential vacancies and unpredictable rental income.

What credit score do I need to qualify for a vacation home loan?

Most lenders prefer a minimum score of 680 to provide favorable or average interest rates on a vacation home loan. A few might consider going down as low as 620; however, the terms will not be favorable, and the interest rates will be much higher. Therefore, try to improve your score to get better terms at the time of application.

How much of a down payment is required for vacation home loans in California?

Lenders typically require a minimum down payment of 10% to 20% for vacation homes. The better the interest rates, the larger the down payment required. For that reason, planning at least 20% can help reduce overall borrowing costs.

Can I rent out my vacation home to offset mortgage payments?

Yes, many vacation homebuyers rent their vacation homes out to help defray the cost of the mortgage. Most lenders have some restrictions, such as the owner has to occupy the house a certain number of days per year. Ensure your loan terms allow renting, and check in with local regulations regarding short-term rentals.

What’s the difference between a vacation home and an investment property?

Personal use refers to a vacation home, even though that might sometimes be rented. An investment property has been purchased to earn rental income or sell to obtain profits. Lenders consider investment properties riskier and take higher down payments with more rigid lending standards than vacation homes.

What are common challenges in obtaining a vacation home loan, and how can I overcome them?

The challenges are: higher down payments, very strict credit score criteria, and formidable financial reserves. To increase the possibility of securing loans:

  • Save for a higher down payment to obtain better rates.
  • Pay down debt and clean up errors on your credit report to further improve your credit score.
  • Keep your income stable, with enough savings to show your ability to handle more than one mortgage.

Can I refinance my primary residence to buy a vacation home?

Refinancing your primary residence to pull out equity can provide the funds for a vacation home purchase. However, this raises your overall debt burden, so make sure you can handle both mortgage payments comfortably. You may want to discuss with a mortgage broker or a financial advisor how refinancing will affect your situation.

How can I prepare financially to buy a vacation home in California?

Begin by thoroughly assessing your budget, considering both the upfront costs (down payment, closing costs, inspections) and ongoing expenses (maintenance, insurance, property taxes). If you plan to rent it out, research local regulations and market demand. Work with a mortgage broker to evaluate different loan options and ensure your finances align with the additional mortgage commitment.

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Burbank, CA 91506

Phone: 323-741-5858

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