Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
W
ashington State has so many great areas for folks to vacation in. From the deserts in eastern Washington, rugged mountains, the Pacific coastline or the San Juan Islands; I think our state pretty much has it all to offer. It’s no wonder I’m seeing more clients taking advantage of lower home prices and interest rates to buy a second home.
Here are some requirements lenders have for financing an vacation (or second) home:
Every so often, someone will be interested in financing for a home they will not be living in 100% of the time…they want the best rate which is “owner occupied”. It’s crucial to know the difference in your lenders eyes and to be completely upfront so you avoid unintentionally committing fraud. Bottom line, the property and situation need to make sense to the underwriter.
This popular article was originally published in 2008 and updated in 2026.
