Type A Properties — Year-Round Homes
Fully winterized homes with permanent foundations, year-round road access, and reliable municipal or drilled-well water systems. These can be financed with as little as 5% down under standard primary residential interest rates.
Type B Properties — Seasonal Cabins
Seasonal cottages, water-access-only cabins, or properties utilizing holding tanks and wood stoves. These require a minimum 10% downpayment, carry minor interest rate premiums, and cannot be amortized beyond 25 years.
Documents Your Lender Will Want
- MLS listing and water-source / heating disclosures.
- Road access confirmation (year-round municipal vs. seasonal vs. water-only).
- Proof of insurability — some carriers will not insure wood-stove-only properties.
- Septic and well certificates where applicable.