Buying a Vacation Home


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A Home Away from Home


You work hard and maintain a hectic schedule. You’re squirming to get away for a vacation and yet, season after season flies by without you taking advantage of the opportunities that your hard work affords you… 

Sounds familiar?

What better way to unplug and unwind than by buying a vacation home to call your own? A place to relax, enjoy yourself and get away from the stresses of daily life…Wouldn’t that be nice?

Let Ark Mortgage turn those dreams into a reality by providing you with the perfect loan to buy a vacation home. Our streamlined mortgage process will leave you with time to consider which chaise lounge would look best on your new poolside patio instead of submitting an endless stream of document requests and mortgage surprises.

Ark will get you on the fast track to your retreat, many closing loans in 21 days after all documentation is received.

What are you waiting for? 

Vacation Home FAQs


It’s important to understand the difference between a second home and an investment property since it will affect the type of mortgage you qualify for.

A “second home” is a house, condominium, or townhouse that you intend to live in for part of the year, in addition to your primary residence. Usually, second homes are used as a vacation home. With a “second home loan,” you need to qualify for both your first home and your second home without consideration for potential rental income. Interest rates on second home loans are typically the same as traditional mortgages.

An “investment property” classification is used when you are buying the property strictly to rent out for additional income. To determine if you qualify, your lender may need to know the rental history of the property. Typically, mortgages for investment properties carry a higher interest rate than is charged for second home loans due to the risk of inconsistent rental income which is typically needed to pay off the loan.

How much vacation home can I afford?

If you want to know what the maximum mortgage amount for which you could qualify, this calculator is for you. Provide us with some important numbers and we will determine your maximum monthly housing payment and the resulting mortgage amount. This is ideal if you’re looking to take on a vacation property in addition to your current home.

Relax and Enjoy Your Second Home


Approvals in a Hurry

In less than 30 minutes you can complete the Certified Pre-Approval app and be approved within 24 hours.

No Stress Required

We guarantee our Certified Pre-Approvals for 60 days, so you can spend more time finding the perfect vacation home.

Get There Faster

Once you have the purchase contact, we’ll complete your application and get you closed in 21 days or less.

 

Relax and Save

Put your feet up, enjoy your new home and save more by paying yourself to vacation, instead of someone else.

No More Fees

The Ark Lifetime Guarantee allows you to refinance in the future without any origination or appraisal fees.

 

Call The Ark

(833) 215-8500