A property that the borrower occupies in addition to his/her principal residence Rental income from the borrower's second home may not be considered as stable monthly income
A residence other than the borrower's primary residence that the borrower intends to occupy for a portion of each year Must be suitable for year-round occupancy
A residence other than the borrower's primary residence which the borrower intends to occupy for a portion of each year Must be suitable for year-round occupancy
A seasonally occupied dwelling that is not the primary residence of the owner Such residences are usually found in areas with substantial opportunities for recreation or tourist activity