Explore flexible financing options for vacation and investment properties with Simply Approved Mortgages. Whether you’re looking for a relaxing retreat or a profitable rental, our tailored loan programs make owning a second home easier than ever.
Purchasing a second home offers more than just an escape or an investment opportunity. Whether it’s a vacation home in a scenic location or an income-generating rental property, owning a second home provides financial and lifestyle benefits.
At Simply Approved Mortgages, we help make second homeownership possible with tailored loan solutions that fit your unique needs.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Purpose of the Home:
Affordability:
Loan Options:
Location:
At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Conventional loans are not backed by the government and typically require higher credit scores.
Non-QM loans are designed for borrowers with non-traditional income or credit profiles, such as real estate investors or self-employed individuals.
Use the equity in your primary home to fund your second home purchase.
For high-value properties that exceed conforming loan limits, jumbo loans offer tailored financing.
It’s important to understand the difference between a second home and an investment property as it impacts loan terms, tax benefits, and costs.
| Feature | Second Home | Investment Property |
|---|---|---|
| Usage | Primarily for personal use | Primarily for rental income |
| Down Payment | Typically 10%-20% | Typically 15%-25% |
| Interest Rates | Lower rates | Slightly higher rates |
| Income Documentation | Standard income verification required | Rental income can be used for qualification |
Gather Documentation:
Get Pre-Approved:
Your Mortgage Journey Starts Here:
Close Your Loan:
Credit Score:
Debt-to-Income Ratio (DTI):
Down Payment:
Income Verification:
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
Navigating the mortgage market can be overwhelming, but with Simply Approved Mortgages, you’re never alone. Our team of seasoned professionals provides personalized guidance, ensuring you understand your options and make informed decisions. Whether you’re a first-time buyer or looking to upgrade, we are here to help.
We offer some of the most competitive mortgage rates in the industry. With a variety of flexible terms, we tailor our services to fit your unique needs and financial situation. Explore our mortgage solutions and discover how affordable homeownership can be.
Getting pre-approved for a mortgage is easy with our online application process. Fill out our secure application form, and our team will review your details quickly, so you can start house hunting with confidence.
Once your application is received, a dedicated mortgage specialist will contact you to discuss your needs and preferences. We’ll work together to find the best mortgage options that align with your goals.
After reviewing and selecting the ideal mortgage plan, we’ll guide you through the approval process and ensure everything is in place for a smooth closing. Soon, you’ll be ready to move into your new home!
Most lenders require a minimum down payment of 10%-20%, depending on the loan type.
Yes, if the property is classified as an investment property, rental income can be used for qualification with certain loan types, such as Non-QM or DSCR loans.
A vacation home is primarily for personal use, while an investment property is intended for rental income.
Take control of your home-buying journey today. Use our Home Affordability Calculator to estimate how much house you can afford and start planning your dream home purchase with confidence.
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Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
Stay on top of your credit health with credit monitoring, so you can catch issues early and maintain a strong score.
Discover how your credit score affects your mortgage options and rates. Plus, get personalized offers through our partner services to help you find the best loan for your financial situation.
Powered by our credit monitoring partner at Myfreescorenow.
No credit card is needed to sign up.
Remember that a good credit score can lower your interest rate on your mortgage.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record