: Your total monthly debt payments, including both mortgages, should ideally be 43% or lower .

Some lenders may accept a score as low as 640 if you provide a larger down payment (typically 25% or more).

Buying a second home is a significant financial step that requires meeting stricter criteria than a primary residence purchase. Because lenders view second homes as higher-risk—borrowers are more likely to default on a vacation property than their primary residence during financial hardship—you should expect more rigorous documentation and higher financial thresholds.

Putting down at least 20% allows you to avoid .

A "very good" score (740+) is often necessary to secure the most competitive interest rates.

To qualify for a "second home" mortgage rather than a more expensive "investment property" loan, the home must meet specific occupancy rules: A guide to second home down payments - Chase Bank

: Most lenders require a minimum of 10% to 20% down .

Some lenders may allow up to 45% or 50% if other aspects of your application are exceptionally strong.