How To Buy A Second House Link

: You can apply for a conventional loan for a second home or investment property. Note that interest rates are often higher for secondary residences.

: Ideally, your DTI should be 36% or less , though some lenders may allow up to 50% depending on your overall profile. how to buy a second house

: Aim for a minimum score of 620 , though many lenders prefer higher for competitive rates. : You can apply for a conventional loan

: Intended for rental income. These often require higher down payments (usually 20-25% ) and may have different tax implications. how to buy a second house