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What Type of Financing is available for vacation Condos?

Myrtle Beach Vacation Rentals

This all depends on what type of project you are purchasing in. In most cases if the vacation condo you are looking to purchase in is a large resort and has a front desk that operates like a hotel, the type of unit you are looking at purchasing would be considered a condo hotel or condo-tel.

Condo hotels are a little different when it comes to financing. Normally the bank may ask for more information about the property itself. One of the main reasons is because the type of property has not been classified separately for very long.

In most cases it is best to discuss the property with a mortgage professional. In most cases 80% LTVs are available for these types of properties inside of the United States. Financing depends on credit and other financial factors involving

 

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North Beach Plantation

North Myrtle Beach Luxury Condos

From the $500s

 

Avista Resort

Myrtle Beach Ocean Front Condos

From the Low $200s

 

Breakers Resort

Myrtle Beach Condos for Sale

From the $100s

 

Baywatch Resort

Crescent Beach Condos

From the Mid $150s

 

Camelot By The Sea

Myrtle Beach Ocean Front Condos

From the $200s

 

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