Owning Your Dream Vacation Home
A vacation home can be the bond that brings and keeps a family together. Whether it is a house at the beach or a country retreat, the place where sharing the love of your family will last a lifetime is just around the corner. Rebecca Foote Mortgage Team will open the doors to the place where memories will be made.
Benefits of Buying a Vacation Home
- Accommodations for the entire family under one roof.
- Potential income opportunity from renting while you are not using it.
- Alternative to throwing money away on a hotel.
Most Popular Loan Options
Conventional Loan
- As little as 3% down payment with excellent credit.
- Fixed rate.
USDA Rural Housing Loan
- No money down.
- The seller, your relatives or your friends may pay your closing costs.
FHA Loan
- Only 3.5% down payment.
- The seller or your relatives may pay your closing costs.
- No income thresholds.
VA Loan
- No money down.
- No monthly mortgage insurance (PMI).
- Available to eligible Veterans and active military members.
Adjustable Rate Loan
- Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.
If you have any questions about buying a vacation home, don’t hesitate to reach out to my team at (717) 609-4044. We are happy to answer your questions and would love to work with you!