You’ve been good this year, so why not gift yourself and your family with a beautiful vacation home in the Lake Nacimiento area! Imagine yourself enjoying summer getaways and relaxing escapes. Beautiful Lake Nacimiento provides wonderful recreation! Our communities of Oak Shores and Heritage Ranch offer special amenities to complete your Lake Nacimiento lifestyle!
Financing a vacation home takes a bit of perseverance, but understanding what lenders are looking for can help you purchase a Lake Nacimiento home! Here are a few tips to help you.
The second home must be a reasonable distance from your primary residence. The lender is looking carefully at whether your purchase could be a rental property – or if it’s truly a vacation home for your personal use. If your second home is located on a lake, or has lake rights, the “reasonable distance” clause is less of an issue.
The second home must be occupied by you for a portion of the year. Seasonal use qualifies, as does weekend occupancy.
The second home must be suitable for year-around occupancy, even if you only occupy it during mild weather. In other words, no rustic fishing cabins.
The property cannot be used as a rental, or be part of a time-share.
The second home cannot be a duplex or other multi-unit property. Lenders view these as investment properties, even if you occupied one of the units for part of the year.
There are many ways to turn your wish of owning a Lake Nacimiento home a reality! Start by finding out more about the Lake Nacimiento Real Estate Market! As your Lake Nacimiento Real Estate Agent, I can help you make the most of your buying power by keeping you informed on local sales trends. I can also help you find the best home at the right price! I will stay by your side during the home buying process to ensure your transition to Lake Nacimiento home ownership goes as smoothly as possible.
Share your new home wish list with me, and I’ll help you get started!
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
Please let us know how we can help!