How to Rock Second Home or Rental Property?

Mortgage and Lending with US Bank NMLS: 22343

How to Rock Second Home or Rental Property?



Mortgage guidelines are positively prehistoric when compared to newer companies like AirBnB and VRBO, which have gained popularity as interest in short-term rentals has increased.


But when it comes to getting a home loan on a property that is not your primary residence, you have to state on your mortgage application whether you have a second (or vacation) home or you have a rental (aka investment) property, and there is no middle ground for a "vacation rental."  However, there can be real consequences if you get the classification wrong.  


So, let's rock the distinction between vacation home and investment property because if you work with your lender and you know the rules, you can, just like the Long Cool Woman in a Black Dress, have it all!



Temperature's startin' to rise,



Rob Spinosa
SVP of Mortgage Lending

Guaranteed Rate
NMLS: 22343 
Cell/Text: 415-367-5959


Marin Office:  324 Sir Francis Drake Blvd., San Anselmo, CA  94960 

*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate.  In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate's Human Resources Department.

Comments (11)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Thank you for the great information in your blog today to share with us here on the Rain.  Make it a great day! bill

May 19, 2022 12:23 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Rob,
I love how you present your lesson through video!

May 20, 2022 03:49 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

Rob you're such an awesome teacher!  Rock on Buddy!

May 20, 2022 11:39 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

Featured in BananaTude!


May 20, 2022 11:45 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Rob. Those who are honest need a mortgage broker who is ecperienced with multiple sources. The right fit is there for those who search. Thanks! Enjoy your day.

May 21, 2022 05:23 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ron - you show your expertise in this video.  Every mortgage doesn't fit neatly into a box.

May 21, 2022 06:52 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Rob,

You are a natural when it comes to video. 

This is a video that every STR client needs to see.  You did a great job and it was clear and straightforward.  I left a comment on YouTube. 

May 21, 2022 12:48 PM
Thom Abbott |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Rob Spinosa ...that was a GREAT video!

May 21, 2022 03:20 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Terrific, creative video, Rob, with lots of important information in an easy to understand format. Great education for buyers, and perhaps some agents, too!


May 21, 2022 08:03 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

We all want to rock in our own way and be in the  as we can be for our pairs as well. :

May 22, 2022 10:33 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and enjoy your day!

Oct 25, 2022 07:45 AM