Your Local Michigan Mortgage Specialists
Couple on beach signifying mortgage refinance loans for vacation living in Michigan or vacation properties in Michigan

Vacation Home Mortgage Options

Inlanta Mortgage loves helping Michiganders escape to vacation homes with highly competitive second home mortgages. Michigan homeowners are lucky to live in such a gorgeous state with a plethora of vacation home and cottage options available in beautiful settings. Hot properties for West Michigan vacation homes-away-from-home include a wide variety of inland lakes and Lake Michigan communities such as Saugatuck, Grand Haven, Ludington, Charlevoix and more. For west, central and east Michigan residents, Traverse City, Mackinaw Island, and communities along Lake Huron are popular locations to live ‘Pure Michigan.’

Vacation real estate in “the Mitten” is one of the  best investment and lifestyle moves you can make. Low downpayment products, low interest rates, tax advantages and appreciation of value are just a few reasons to invest in a vacation home. Apart from the immediate benefit of having a place to stay in your favorite vacation spot, the peripheral rewards of owning a vacation home can make the acquisition especially lucrative, especially if you plan to rent the property when you’re not using it.

If you have been thinking about buying a vacation home in Michigan but aren’t sure if you’d qualify, you may find the process easier than you think.

Typical Second Home Mortgage Loan Requirements:

  • 10% minimum down payment
  • 620+ Credit Score
  • 45% or less Debt-to-Income Ratio
  • No Recent Bankruptcies or Foreclosures
  • Verifiable Income

Whatever the reason for needing a vacation home mortgage or a second mortgage, the team at Inlanta Grand Rapids will help you through every step of the process and ensure that you are set up for success on your new investment.