How To Buy Second House And Rent First May 2026

Lenders typically prefer a DTI ratio below 43%, including the new mortgage. Some may require a credit score of at least 640 for a second home.

You can use a Home Equity Loan or HELOC to tap into your first home’s equity for the new down payment. how to buy second house and rent first

Standard mortgages for second homes often require a 10% to 25% down payment . Lenders typically prefer a DTI ratio below 43%,