Buying A Second Home To Rent (2025)

: Most lenders require a minimum score of 640–680 for a second home, though a score above 720 may be needed for the best rates.

: Expect to put down at least 10% for a vacation home and 20–25% if it is classified as a pure investment property. buying a second home to rent

Buying a second home to rent requires balancing your personal use with strict tax and financing rules. If you occupy the home for more than 14 days (or 10% of the days it is rented), the IRS classifies it as a , which limits your ability to deduct rental losses against other income. 1. Finance & Qualifying : Most lenders require a minimum score of