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Buying a
Second Home
Buying a second home is a dream for most of us. If you are ready to make that dream a reality, we are the best mortgage lender to help make it affordable with the lowest possible rate. Let's start with a quick call to determine the easiest path to your new second home.
Second Home Consultation Call
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Mortgage rates below the national average
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Down payments as low as 10%
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Five-star service to guide you through the homebuying process
You deserve the best mortgage company.
We have an unwavering commitment to our clients. Read a few of our 200+ reviews on Google, they will tell you better than we can! You can can count on our commitment to being available when you need us, answering your questions, and handling your loan with the care it deserves. Our company is built around owners and stakeholders, rather than employees. Quite frankly, your satisfaction means more to us.
Our mission is to help you save. You work hard to afford your home, don't pay more than necessary. We monitor our rates everyday to make sure that we are giving you the best mortgage at the lowest rate possible. Since our company is built around owners, we have eliminated high sales commissions which results in lower rates for you.
Our family has over 50+ years of combined experience helping families buy homes. We have closed thousands of loans for people just like you, giving us the experience and expertise to close your loan quickly and efficiently.
Second Home Mortgages
Conventional Home Loans
You can use a Conventional Home Loan to purchase a second home with as little as 10% down payment. You can borrow up to the Conventional Conforming loan limits. Fixed and adjustable second home mortgage rates are available.
Jumbo Home Loans
If your second home requires a loan amount that exceeds the Conforming loan limits, you will need a Jumbo Home Loan. We offer attractive terms for loan amounts up to $3.5 million. Fixed and adjustable second home mortgage rates are available.
Second Home Mortgage Rates
No matter which loan type suites your needs best, you can get the best second home mortgage rates here. Our mortgage rates are consistently below the national average.
Second Home Consultation
Our second home buyer consultation call is quick and casual. We will ask a few questions to get a better understanding of your financial situation and your goals when it comes to buying a second home. In just a few short minutes, you will be on the right path to buying your second home.
Second Home Loan Programs
We can talk about your price range and available funds for down payment to determine the best second home loan program for you. We will discuss pros and cons for your options and determine what works best for your financial situation.
Program Qualification Requirements
We can discuss your particular financial picture to prepare you for the documentation and underwriting requirements specific to your situation.
Second Home Affordability
One of the most important parts of the homebuying process is to determine your home buying budget. We can talk real numbers in regards to down payment and new monthly house payment for your second home.
Second Home Mortgage Rates
Your mortgage rate is an important factor in your home buying affordability. Our company is built to offer lower mortgage rates which will help make your next home affordable.
On average, our mortgage rates are .326% lower than the national average. This equates to $23,836 in life of loan interest savings. See details on rate savings calculation here.
Become our customer and we will make you a fan.
"the best rate available"
They provided down home customer service and competitive rates. They communicated with me throughout the entire process extremely well and genuinely cared that I got the best rate available. Local Mortgage is definitely worth giving a call!
"the best overall offer"
Travis provided the best overall offer, great rate with no points & a lender credit. He was aggressive in a good way, earning my business with a great offer. His team was very efficient and friendly throughout the underwriting process. I wouldn't hesitate to use Local again.
"gave us the best rates"
Derek and Travis Chapman were extremely helpful throughout the home buying process, gave us the best rates, helped us stay in our budget, and included a free refinance! Highly recommend!
A human experience with online ease.
1. Consultation
Our 10 minute consultation is quick and casual. Help us understand your goals so we can put you on the right path.
2. Application
Apply online or over the phone. We will give you a same day preapproval and get the loan process started.
3. Processing and Underwriting
Our loan process blends electronic document submission and automated updates with a human touch. We are always available to answer your questions.
4. Closing
Electronically sign some of the forms before closing, and then meet us at the closing attorney to sign the notarized documents.
Our Approved States
We are located in the heart of Memphis, Tennessee and proudly serve our hometown of Memphis and the surrounding areas. Being a local mortgage lender, we are able to provide the best mortgage at the lowest rate to the communities and neighborhoods where we work and live.
By investing in the best technology and committing to the highest levels of service, we are able to deliver our hometown service across a wider geographic footprint with no sacrifices. Home buyers and homeowners in the states listed here can also get the best rate and experience our five star service.
Colorado
Florida
Georgia
Mississippi
Tennessee
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