Second Home Loan Wisconsin 2025 – Your Guide to Vacation & Lake Homes
Thinking about a lake house or cabin? Second home loan Wisconsin 2025 is your playbook for qualifying, comparing options, and closing fast - without the runaround.
Second home vs. investment property (why it matters)
A second home is for your use part of the year and must be a one-unit property suitable for year-round living. It can't be a timeshare or under a mandatory rental agreement. (Source: Fannie Mae Occupancy Types.)
Pro tip: If your primary goal is renting it out, that's typically an investment property and the rules, pricing, and down payment differ.
What it usually takes to qualify
- Credit & DTI: Strong credit and stable income help you lock better pricing.
- Down payment: Plan for around 10% down on many conventional second-home scenarios. (Agency LTV caps commonly align with ~90% for second-home purchases.)
- Reserves: Expect lenders to ask for some cash reserves after closing - varies by profile.
- Usage: You'll occupy it yourself part of the year; not subject to a rental or management contract.
Wisconsin angles (where this shines)
Clients love second homes around Lake Geneva (Walworth), Door County, the Northwoods, and Waukesha/Dane weekenders. We help you structure the file so it's smooth - especially if you're juggling a sale and purchase or need quick timelines.
How my team makes this easy
- We underwrite income up front for speed and certainty.
- We only ask for the docs AUS requires - nothing extra.
- We keep agents and title looped in so you hit appraisal and financing deadlines without drama.
Next steps
Want a fast, no-pressure run-through of your numbers and options? Let's line up your second home the right way.
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Internal link: Conventional Loans Wisconsin - A Smart Choice for Homebuyers
External backlink: Fannie Mae - Occupancy Types (Second Home Requirements) and Freddie Mac - Second-Home LTV Reference.