Unlock Your Second Home Dream with Our Specialized Mortgage

Presenting our Second Home Mortgage Product, a specialized financing solution for individuals, trusts, corporations, and LLCs. With loan amounts available from $150,000 to $800,000, this mortgage is suitable for a diverse range of property types—Condos, Townhomes, Multi-Family 1-4 units, Single Family homes, and Commercial assets.

The product features a variety of lending terms to meet your investment needs, including options for 5-Year ARM, 7-Year ARM, 10-Year ARM, 30-Year Fixed, 40-Year Fixed, and Interest-Only loans. Capitalize on this mortgage product to invest in a second home and further diversify your real estate portfolio.

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Who Is This Product For?

  • Vacationers: Ideal for those desiring a seasonal getaway.
  • Retirees: Planning your post-career life? Secure your dream location in advance.
  • Investors: Diversify your real estate portfolio with a second property.

How It Benefits You

  • Asset Diversification: Expand your investment avenues.
  • Family Convenience: Own a property near family or places of interest.
  • Equity Building: Build equity in an additional property while still residing in your primary home.

Second Home Specific Requirements

  • A stable source of income
  • Good credit score.
  • The property must be within our scope of funded types.

Property Types Funded

  • Single Family Residences: Detached homes intended for one family.
  • Condominiums: Individual units in a larger complex, often in cities.
  • Townhomes: Multi-level homes connected in a row, common in suburban areas.
  • Multi-Family Properties (1-4 units): Buildings housing multiple families, offering potential for rental income.
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Second Home Loan Amount Parameters

  • Minimum Loan Amount: Starting at $150,000 for more modest investments.
  • Maximum Loan Amount: Up to $800,000 for premium property purchases.
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Loan Terms

  • 5-Year Adjustable-Rate Mortgage (ARM): Lower initial rates, ideal for short-term investment strategies.
  • 7-Year Adjustable-Rate Mortgage (ARM): Moderate initial rates suitable for medium-term financial planning.
  • 10-Year Adjustable-Rate Mortgage (ARM): Extended adjustable rate period for greater financial flexibility.
  • 30-Year Fixed-Rate Mortgage: Long-term stability with a fixed interest rate for the loan's duration.
  • 40-Year Fixed-Rate Mortgage: Extended fixed-rate term for reduced monthly payments.
  • Interest-Only Loans: Pay only the interest initially, offering lower monthly payments for a set period.

Availability and Eligibility

Financing for a Spectrum of Borrowers

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Individuals

A direct and personalized approach to property acquisition

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Trusts

A tool for versatile, strategic real estate planning

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Corporations

Facilitating rapid portfolio expansion or diversification

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Partnerships

Capitalize on collective investment opportunities swiftly

Take your first step toward owning a second home that aligns with your lifestyle, family needs, or investment goals. Barrett Financial’s Second Home Mortgage product offers the flexibility, security, and financial structure you require. Apply today and make your second-home dreams come true.

States We Serve

Barrett Financial is proud to service multiple states across the U.S., offering comprehensive solutions to suit diverse regional needs. Check our map to find out if we service your state.

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