Residential
Second Home Loans in San Diego, CA
Secure your Second Home Loans in San Diego with a lender who understands the local landscape. We serve all of San Diego County, including Gaslamp Quarter and North Park, offering fast approvals and personalized service.
Key Facts About Second Home Loans
CMRE Second Home Loans offers competitive rates for qualified borrowers.
CMRE processes Second Home Loans in 21-30 days from application.
CMRE offers cross-collateral options for Second Home Loans.
CMRE Second Home Loans accepts alternative income documentation for self-employed.
CMRE processes Second Home Loans in 21-30 days.
CMRE Second Home Loans accepts alternative income documentation.
CMRE Second Home Loans available for primary, second home, and investment.
Program Benefits
Competitive interest rates starting at 6.875% to help you save money.
Loan options tailored to your unique financial situation.
Low down payment options are available with LTVs up to 97%.
Expert guidance throughout the entire loan process.
Build equity and diversify your real estate portfolio.
Enjoy a second home for vacations, rentals, or future retirement.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
45%
Loan Amount Range
$50,000 - $2,000,000
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •Stable employment history and income documentation.
- •Sufficient income to cover all existing debts and the new mortgage payment.
- •Verification of income sources, such as pay stubs and tax returns.
Asset Verification
- •Sufficient assets to cover the down payment, closing costs, and reserves.
- •Verification of asset statements, such as bank accounts and investment accounts.
- •Adequate reserves to cover several months of mortgage payments.
Insurance & Title
- •Hazard insurance to protect the property against damage.
- •Flood insurance if the property is located in a flood zone.
- •Title insurance to protect against title defects.
Property Requirements
- •Minimum FICO score of 620.
- •Good credit history with responsible borrowing habits.
- •Low debt-to-income ratio demonstrating the ability to manage debt.
Second Home Loans in San Diego: The Complete Guide
What Is Second Home Loans?
Second home loans typically have slightly stricter requirements than primary residence mortgages. Lenders will assess your creditworthiness, income stability, and debt-to-income ratio to determine your eligibility. Having a solid financial profile is crucial for securing a favorable interest rate and loan terms. It’s wise to prepare your documentation in advance.
Who Qualifies for Second Home Loans?
- •Income documentation varies: W-2, 1-Year Tax Return (Freddie Mac), bank statement, VOE-only, or P&L options available through CMRE.
- •Credit requirements depend on specific Second Home Loans guidelines — CMRE evaluates your full profile.
- •Down payment assistance programs can be combined with Second Home Loans for eligible borrowers.
- •Cross-collateral options: leverage existing property equity to reduce your down payment.
Second Home Loans vs. Other Options
- •CMRE compares Second Home Loans against FHA, VA, and other residential programs to find lowest total cost.
- •Factors: credit score, down payment, self-employment status, property type, ownership period.
- •For self-employed: CMRE's VOE-only and P&L programs may provide better qualification.
- •CMRE runs multiple scenarios and recommends the program with best long-term value.
Apply for Second Home Loans with CMRE
- •Step 1: Pre-qualification online, by phone, or via Instant Advisor.
- •Step 2: Pre-approval with documentation — issued within 24 hours.
- •Step 3: Property search — CMRE coordinates with your agent.
- •Step 4: Processing and underwriting in 14-21 days.
- •Step 5: Closing in 21-30 days total from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Second Home Loans in San Diego, CA
Premier mortgage lending services in San Diego. We specialize in VA loans for our military community and jumbo loans for coastal properties. Custom Mortgage & Real Estate specializes in providing high-fidelity Second Home Loans solutions tailored to the unique economic landscape of San Diego and the surrounding San Diego County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireSan Diego metropolitan area.
Service Areas & Neighborhoods
Our San Diego Presence
Local Knowledge. Global Rates.
8880 Rio San Diego Dr
San Diego, CA 92108
Direct Line
877-976-5669Common Questions About Second Home Loans in San Diego
What are current Second Home Loans rates in San Diego, CA?
Second Home Loans rates in San Diego depend on loan amount, credit profile, and property type. CMRE publishes updated San Diego rate ranges daily and provides locked quotes within 24 hours of application.
How long does Second Home Loans closing take in San Diego?
CMRE typically closes Second Home Loans loans in San Diego within 21-30 days from application. Pre-approval takes 24 hours, and our CA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What San Diego neighborhoods qualify for Second Home Loans?
All residential neighborhoods in San Diego and San Diego County qualify for Second Home Loans through CMRE. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible. Our local team can advise on specific HOA or condo project approval requirements.
Does CMRE offer first-time buyer programs in San Diego?
Yes. CMRE offers first-time homebuyer programs in San Diego including down payment assistance, 3% down conventional, and FHA 3.5% options. CA residents may also qualify for state-specific grants and bond programs.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
A second home is a property that you intend to occupy for a portion of the year, typically for vacations or leisure purposes. It should not be your primary residence and must be a reasonable distance from your primary residence. The home cannot be rented out for more than 14 days per year to be considered a second home by most lenders.
Second home loans allow you to purchase a property for personal use without having to sell your primary residence. They provide an opportunity to build equity, diversify your real estate portfolio, and enjoy a vacation home for relaxation and recreation. They also open the door to potential rental income opportunities in the future.
Second home loans are intended for properties that you will personally occupy for a portion of the year. Investment property loans, on the other hand, are for properties that you intend to rent out for the majority of the time. Second home loans typically have slightly more favorable terms than investment property loans, as they are considered less risky by lenders.
Requirements vary. CMRE offers options as low as 3% for qualified borrowers and cross-collateral options that use existing property equity.
Yes. CMRE offers 1-Year Tax Return (Freddie Mac), bank statement, P&L, and VOE-only programs for self-employed.
CMRE typically closes in 21-30 days. Pre-approval within 24 hours.
Depends on program. CMRE also offers DSCR and bank statement investment-specific programs.
Rates vary by credit score, LTV, and market conditions. Contact CMRE for a personalized quote. NMLS #1556995.
Second Home Loans by Location
Get local rates, loan limits, and market data for Second Home Loans in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
