100% financing is still possible

If you have over 740 points credit score you will be able to be financed %100. You will be qualified for a second loan with over 660 points or %10 down payment. Your score is between 600 - 660 points, you are still in the prime flow but need to put some money down.

Almost the same deal is with the investment properties but all of the lenders require %5 down payment. The interest rate depends on how much cash will be put on the table and fluctuates between 0.25 - 1 point over the regular conventional loan. Lenders do not consider second home over 50 mils away from your homestead as an investment property and the interest rate will be just a little higher than the regular one.

I am providing a link where you would be able to obtain more detailed information or get pre-approved for a loan:

http://ritalewis.coldwellbankerhomeloans.com/