Second Home and Vacation Home Loans

A vacation home can be a smart investment over summer rentals or hotel stays. Let LGFCU help you finance your home away from home.

Loan features

LGFCU offers a loan specifically for a vacation home or other second home. Loan options and features include:

  • 5-year Adjustable Rate Mortgage (ARM), a 10- or 15-year Fixed-Rate Loan or a Construction Loan.
  • For second homes, you can apply for financing up to 90% of the appraised property value. Financing may be available for up to 80% of the appraised property value of a rental property. Maximum loan-to-value varies depending on the property type.
  • Second homes must be located in North Carolina, South Carolina, Virginia, Georgia or Tennessee. Members must reside in North Carolina or bordering states to be eligible.

Next Steps

Choose a way to request your second or vacation home loan.