Some lenders may allow up to 45% or 50% if other aspects of your application are exceptionally strong.
To qualify for a conventional mortgage on a second home, you typically need to meet the following benchmarks: requirements for buying a second home
To qualify for a "second home" mortgage rather than a more expensive "investment property" loan, the home must meet specific occupancy rules: A guide to second home down payments - Chase Bank Some lenders may allow up to 45% or
Some lenders may accept a score as low as 640 if you provide a larger down payment (typically 25% or more). requirements for buying a second home
Putting down at least 20% allows you to avoid .
: Most lenders require a minimum of 10% to 20% down .