Second Home Buyer in Minnesota

At Thistle, we specialize in the second home buyer who’s interested in purchasing a vacation house or investment property. Buying a second home that's not your primary residence has its unique considerations. You can trust us to lead the way.

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What to Take Into Consideration

Does it Fit Your Budget?

As a second home buyer, you'll have two mortgage payments (unless you own your primary home free and clear). Therefore, you'll want to ensure you have the budget to support it. And don't forget about other expenses such as utilities and maintenance.

Lenders Are Typically More Stringent

Lenders consider a second home buyer mortgage a higher risk, which means you may need a larger down payment, and the interest rate will likely be higher. Some lenders may also require that you have a cash reserve to cover six months of expenses. Or, if investing, you may be required to show you have property management experience.

Know The Tax Implications

While there are tax benefits to owning a vacation home or investment property, such as several deductions that you can take, some tax implications can impact your profitability. At Thistle, we’ll help you understand how taxes play a role in your investment.

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Hear From Folks Just Like You

It was a pleasure to work with Mark. He was a pillar of calm in what was a somewhat whirlwind experience for us... I know he cared about our situation like it was his own, and therefore worked really hard on our behalf.
Michael and Cheryl

Your Mortgage Resource Center

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Loan Comparisons

What types of loans are available? Find out what each type of program offers.

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Mortgage Basics

Learn about applying for a loan, how your credit score fits in, appraisals, closing costs, and more.

Mortgage Calculators

How much home can you afford? What would your monthly payment be? Find out with our calculators.

5-Step Loan Process

The loan process can be daunting, but we’re here to help. We break it down into five simple steps.

The Thistle Difference

Lots Of Options

We've built strong partnerships with top lenders, which means you'll get the best options and rates.

A Tailored Approach

We take the time to understand your goals and help you find a loan that’s right for you.

Easy To Reach

At Thistle, we don’t leave you hanging. We’re always here for you when you have questions.

Hi, I'm Mark Thistle

I'm an independent mortgage broker based in Eden Prairie with more than 20 years of financial industry experience, primarily in mortgage financing. You come first in my bookㅡyou can count on me and my team to be there for every step of your home buying journey.

My Story

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Ready to Begin?

We’re excited to get to know you and start looking at options that’ll help you realize your dream. Contact your Minnesota mortgage broker today!

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