Zillow Advice: Mortgage Types - Buying a second house http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ Zillow Advice | Zillow Real Estate Tatcilla - the mortgage business ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ Tatcilla - the <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> business is CONSTANTLY changing. I've been in the business decades, and I learned a long time ago to refer you to a quality <a href="http://www.zillow.com/directory/lenders/">lender</a>. There are one set of rules for <a href="http://www.zillow.com/mortgage-rates/">loans</a> that include government backing, and a totally other set for investors, banks, S&amp;L, and credit unions. Please contact me for further help. I won't be selling anything, unless you are coming to South Jersey. My website has [hotlink removed by Zillow moderator] Mon, 16 Jan 2012 11:36:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2012-01-16T11:36:00Z How much would I need for ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ How much would I need for a down payment if the second home is going to be my primary residence and I am going to rent out my first home? Mon, 16 Jan 2012 08:55:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2012-01-16T08:55:00Z JD,The most you can hope ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ JD,<br/><br/>The most you can hope for is 80% <a href="http://www.zillow.com/mortgage/">Loan</a> to Value. The cost would be 3% of the loan amount in Agency Fees. At 75% <a href="http://www.zillow.com/mortgage-glossary/Loan-To-Value-Ratio-%28LTV%29/">Loan to Value</a> it would go down to 1.75%. Far less costly. Also, you would receive a better rate. .... Best wishes, Rudi Tue, 28 Apr 2009 17:36:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-28T17:36:00Z I am buying this to rent ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ I am buying this to rent it out to my inlaws.&nbsp; The trick is that I will also contribute some money towards the <a href="http://www.zillow.com/mortgage/">mortgage</a> payment everymonth. Tue, 28 Apr 2009 16:08:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-28T16:08:00Z As far as investment properties ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ <p>As far as investment properties are concerned, it is a&nbsp; minimum 20% down.&nbsp; I am unaware of any PMI companies issuing <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> on non-owner occupied properties over 80% LTV.</p> Tue, 28 Apr 2009 16:00:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-28T16:00:00Z There are no fed govt "rebates" ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ <p>There are no fed govt "rebates" for second homes or investment properties.&nbsp;&nbsp;When you say you wanted to use this as an investment propery, are you planning on renting the home?</p> Mon, 27 Apr 2009 20:56:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-27T20:56:00Z I forgot to ask that I wanted ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ I forgot to ask that I wanted this house for investment. Someone told me that I need a 20% down to buy a property for investment.&nbsp; Does anyone know. Mon, 27 Apr 2009 20:34:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-27T20:34:00Z JD,No special Fed "deals" ... http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ JD,<br/><br/>No special Fed "deals" on 2nd home or investment.<br/><br/>If you are looking at Conforming up to $417K you will need at least 10% down. On Conforminjg Jumbo it would be 20% down. Over that at least 25% down. ... Best wishes, Rudi Sun, 26 Apr 2009 17:46:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-house/228094/ 2009-04-26T17:46:00Z