Vacation and Second Properties


Whether you want to purchase a vacation home for yourself, a first property for your firstborn, a condo in a different city where you work, or a property for your child pursuing a secondary education, we’ve got mortgage options that make it easier to finance your future.

The appeal of a vacation property is often as much economic as it is emotional: an investment that makes sound financial sense can also provide you and your family with a lifetime of memories. Excellent financing options bring this investment within reach for families purchasing vacation or secondary property.


Several financing options from a wide range of lenders are available. There are different routes you can take to purchasing your second home: you may want to use the equity in your principal residence to finance, or you may opt to take out a secured line of credit or second mortgage on your principal home for the full amount or the down payment and consider financing the vacation property on its own merits. Most lenders look for a well-built property, in a good location, and with year-round access for as little as 5% down payment.

Three-season or cottage properties that don’t have year-round access require a minimum of 10% down payment.

Not sure if a vacation or second home is on your horizon?

Talk to us!

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