Remember to activate and start using your new CapEd Mastercard Debit card. All Visa debit cards are now closed. Learn more about new Mastercard Debit and Credit cards.
Remember to activate and start using your new CapEd Mastercard Debit card. All Visa debit cards are now closed. Learn more about new Mastercard Debit and Credit cards.
Second Home Mortgage
Thinking about buying a second home, like a cabin in the mountains or a condo in the city? We have great rates for you to buy or refinance a second home!
Apply OnlineWhat is a Second Home?
A second home is a one-unit property you purchase in addition to your primary residence that you intend to live in for part of the year. Secondary homes must be suitable for year-round occupancy and accessibility. Borrowers must have sole control over the property, meaning it cannot be a full-time rental, timeshare, or managed by a property management company.
Benefits & Features
- Lower rate than most competitors.
- Utilize our Lock & Locate program if you are searching for a property.
- Refinance to adjust your current rate/term or get cash out.
Best if:
- You live out of state and visit or vacation in Idaho often.
- You want a vacation home in the mountains or near the lake.
- You are preparing to retire and settle down in Idaho.
Rates
Rates current as of .
Second Home Mortgage Purchase
| Mortgage Term | Interest Rate | APR | Points | Sample Payment |
|---|---|---|---|---|
| 30 Year | 7.125% | 7.367% | 0 | Sample Payments for Second Home 30 Year Mortgage |
| 15 Year | 7.250% | 7.601% | 0 | Sample Payments for Second Home 15 Year Mortgage |
| 10 Year | 7.250% | 7.740% | 0 | Sample Payments for Second Home 10 Year Mortgage |
Second Home Refinance
| Mortgage Term | Interest Rate | APR | Points | Sample Payment |
|---|---|---|---|---|
| 30 Year | 7.250% | 7.507% | 0 | Sample Payments for Second Home 30 Year Mortgage |
| 15 Year | 7.375% | 7.674% | 0 | Sample Payments for Second Home 15 Year Mortgage |
| 10 Year | 7.375% | 7.792% | 0 | Sample Payments for Second Home 10 Year Mortgage |
General Requirements
- Up to 80% loan to value
- Lower debt-to-income ratio
- Good-to-excellent credit score
- Contact one of our experienced Loan Officers for more details
Apply for a Second Home Mortgage
Apply for a mortgage online or visit a CapEd location and ask about our Second Home Mortgages to get started.
Mortgage Loan Officers
We have an experienced and reliable team to assist you every step of the way when buying or refinancing your home. If you're ready to apply for purchasing or refinancing your second home, review the resources below and contact our Mortgage team to get started.
Jeff Acree
NMLS Number 6591
Phone Number: (208) 855-4605
Email Jeff
Thunderbolt Branch
Apply with Jeff
Paul McMurdie
NMLS Number 1000571
Phone Number: (208) 898-7039
Email Paul
Parkcenter Branch
Apply with Paul
Carole Meyer
NMLS Number 91917
Phone Number: (208) 898-7052
Email Carole
South Nampa MCC
Apply with Carole
Joe Azevedo
NMLS Number 96874
Phone Number: (208) 855-4688
Email Joe
Eagle Branch
Apply with Joe
Isabel Bailey
NMLS Number 507120
Phone Number: (208) 884-0150 ext. 7024
Email Isabel
McMillan Branch
Apply with Isabel
Mike Troester
NMLS Number 1381739
Phone Number: (208) 855-4680
Email Mike
Linder MCC
Apply with Mike
Cal Gothberg
NMLS Number 148078
Phone Number: (208) 898-7026
Email Cal
South Meridian MCC
Apply with Cal
Steve Sengelmann
NMLS Number 91656
Phone Number: (208) 855-4603
Email Steve
Thunderbolt Branch
Apply with Steve
Ana Moroshan
NMLS Number 452269
Phone Number: (208) 898-7030
Email Ana
South Nampa MCC
Apply with Ana
Resources
Here are some helpful resources to help you when getting ready to refinance or buy your new home.
Purchase a Home Checklist Opens in new tab. Link is a PDF document.
Make sure you have everything you need to purchase your new home with this PDF.
Refinance a Home Checklist Opens in new tab. Link is a PDF document.
Make sure you have everything you need to refinance your home with this PDF.
This calculator collects important variables & determines your maximum monthly mortgage payment.
Estimate how much interest you can save by increasing your mortgage payments.
Disclosures
All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.
