Do you need a mortgage loan to buy a second home or vacation home in California? We can help. The financing experts at Bridgepoint Funding can help you find the loan you need to finance your vacation or investment property.
Our quick and efficient pre-approval process will ensure that you can buy when you’re ready. We offer vacation home mortgage loans with a variety of terms and interest rate structures, to suit your needs.
Over the years, we have helped many customers buy second homes in California to serve as vacation and income properties. And we welcome the opportunity to help you as well. Please contact us to get started.
Mortgage Loans for California Vacation & Investment Homes
We offer several types of mortgage loans for vacation homes and investment properties:
By far the most stable and predictable loan option, the 30-year fixed-rate mortgage (FRM) allows you to lock into a rate for the full term of your loan. This is a popular option among vacation home buyers in California, particularly those who plan to keep the property for a long time and seek payment stability.
This mortgage product offers the same payment security as the 30-year loan, but with a shorter term. With a 15-year fixed home loan, you could pay off your second home mortgage in half the time, reducing your total interest costs significantly.
Adjustable-rate mortgage (ARM) loans are another financing option for second home buyers in California. These loans often have lower interest rates than their longer term, fixed-rate counterparts. Some vacation home buyers choose ARM loans for the lower initial mortgage rate, and then refinance before the first adjustment period.
Get Pre-approved for a Second Home Purchase
Pre-approval is the next logical step in the process. If you’re ready to purchase a vacation home in California, we encourage you to get pre-approved for a mortgage loan. This will increase your bargaining power and help you narrow down the market to match your budget.
Not sure which type of vacation home loan is right for you? Let us help. Contact one of our staff members today. We will help you choose the best type of mortgage loan for your particular needs and objectives.
Advantages of Working With Bridgepoint Funding
- We are experts in California vacation / second home mortgage loans.
- We will help you choose a product that works best for you.
- We offer some of the most competitive rates in the marketplace.
- We have a fast and efficient underwriting process, which means you can close sooner.
- We offer a wide variety of mortgage loan products for California vacation home buyers.