Some lenders may accept a score as low as 640 if you provide a larger down payment (typically 25% or more).
: You must demonstrate enough liquid savings to cover two to six months of mortgage payments and expenses for both properties. Property & Residency Qualifications requirements for buying a second home
While primary homes can sometimes be purchased with as little as 3% down, second homes rarely offer this flexibility. Some lenders may accept a score as low
Some lenders may allow up to 45% or 50% if other aspects of your application are exceptionally strong. Some lenders may allow up to 45% or
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
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.