by Aaron Bacus, First Coast Mortgage Funding

Ponte Vedra Beach, with its beautiful beaches and upscale neighborhoods, presents a compelling draw to real estate investment. Whether you're envisioning a sunlit second home for family vacations or a rental property to tap into our thriving tourist market, understanding the financing nuances is paramount. As a local mortgage broker, I'm here to guide you through the intricacies of financing your investment property.

Differentiating Between Second Homes and Investment Properties

First and foremost, lenders view second homes and investment properties differently. A second home is a property you intend to occupy for a portion of the year, while an investment property is primarily for generating rental…

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By Gwinn Volen

My childhood memories of being in the country are vivid. Whippoorwills singing and frogs croaking in the pond at night. The smell of horses, cows and freshly bush hogged pastures. Sleepovers with cousins and friends, and even after-prom parties in high school. Once my kids were born, they too got to experience some of the joy I felt running in the woods, building forts, and fishing in the pond. ATV three wheelers were replaced with golf carts for them, but the sounds of the woods and idyllic South Carolina country life were still felt by them. My oldest son was nine when my mom decided to sell the "pond house" also referred to as "the country." My mom was 73. The upkeep was unmanageable. She no longer enjoyed going there. And the…

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by Gwinn Volen

So, you are moving to Ponte Vedra Beach or Nocatee and can't find the right house to purchase? Or maybe you want to get a feel for the area before committing to purchase? The schools, the taxes, the weather....all of these things are drawing you to the area. A rental will be a quick and easy solution right? Hmmmm.....

We are fielding several calls each week from people relocating and looking for rentals, both short-term and long-term, while they figure out about what they'd like to purchase. Keep in mind, there is a great deal of competition in the rental market, just as in the traditional real estate market. If you find something that you like or even half way decent, snap it up! We also recommend calling the main rental agencies…

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by Brad King, Lender

The beach communities of Jacksonville are known for their perfect vacation get-a-way opportunities.  Those looking to escape the cold winters up north make a tradition of coming south to our cozy resort towns in search of warm sunshine, the beach, and golf, which makes our area a prime opportunity for an investment property.  If purchasing a home or condo has been on your mind, here are some important things you should know about a mortgage for your investment property compliments of Brad King, Mortgage Lender.

sawgrass country club aerial at fishermans cove

What is the rate difference between a Conventional Loan and a loan on an investment property?

There are three loan types: FHA, VA, and Conventional.   For investment property, a conventional loan is necessary since…

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