Most zero-down government loans are for primary residences, but they can be used strategically to acquire a second home.
: Eligible veterans can buy a new primary residence with 0% down and convert their current home into a vacation property or rental. how to buy a 2nd home with no money down
You usually need at least a 15%-25% deposit to buy a second home with a mortgage. HomeOwners Alliance Financing a Second Home - RCB Bank Most zero-down government loans are for primary residences,
: You replace your current mortgage with a larger one and take the difference in cash to buy the new property. Zero-Down Government Programs HomeOwners Alliance Financing a Second Home - RCB
: You must occupy the new home as your primary residence, usually within 60 days.
If you already own a home with substantial equity, you can use that value as a "virtual" down payment without needing cash from your savings.