Luxury living, second home freedom — with financing that fits.

Whether you’re buying a beach house, a mountain getaway, or a seasonal second home closer to family, financing a high-value second property often means stepping into jumbo loan territory.

👉 That’s because most vacation homes cost well over local conforming loan limits — especially in destination or high-cost markets.

Here’s how jumbo loans work for second homes, and what you need to know before you buy.

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✅ Can You Use a Jumbo Loan for a Second Home?

Yes — jumbo loans can be used to finance second homes and vacation properties, not just primary residences.

In fact, they’re one of the most common financing tools for:

• Lake houses
• Ski-in/ski-out cabins
• Luxury condos in resort areas
• Seasonal or recreational homes
• Multi-million-dollar vacation properties

📘 At PRMI, we offer jumbo programs built specifically for second home buyers.

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📍 Why Second Homes Often Require Jumbo Loans

Jumbo loans kick in when your loan amount exceeds your county’s conforming limit.

As of 2025, those limits are:

• $806,500 in most U.S. counties
• Up to $1,209,750 in high-cost areas

Many second homes:

• Are located in expensive vacation markets
• Require 10–20% down payments
• Have limited inventory, driving prices higher

That means even modest properties often exceed the conforming cap — making jumbo financing essential.

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🧾 What Are the Requirements?

Qualifying for a second home jumbo loan typically requires:

✔️ Credit Score

• Minimum of 680–700+
• Best rates at 740+

✔️ Down Payment

• At least 10–20% down
• 25%+ may be required for higher loan amounts or limited income

✔️ Reserves

• 6–12 months of full mortgage payments in liquid assets
• Additional reserves may be required if you also own a primary or investment property

✔️ Income Documentation

• W-2s, tax returns, or bank statements (self-employed options available)
• Stable income and strong DTI (under 43% preferred)

💬 We’ll walk through your scenario and let you know exactly what’s needed.

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🧠 Key Tips for Second Home Buyers Using Jumbo Loans

✅ Be clear about intended property use — must be a true second home, not a rental
✅ Factor in second home insurance, maintenance, and taxes
✅ Understand seasonal market pricing — appraisals in vacation areas can vary
✅ Work with a lender who understands second home nuances

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🏢 Why PRMI?

At PRMI, we help second home buyers:

• Qualify for jumbo financing up to $3M+
• Choose from fixed, ARM, or interest-only jumbo options
• Navigate multi-property underwriting
• Get in-house support from pre-approval to closing — quickly and clearly

Whether it’s your first getaway or your third vacation home, we’ll make it a smooth and strategic experience.

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👇 Buying a Second Home or Vacation Property That Requires Jumbo Financing?

Let’s walk through your loan limits, pricing strategy, and approval path — and build a custom plan around your lifestyle.