Short answer
Financing the second home / STR blend common on the Florida coast.
Second home vs investment classification affects rate. If you'll STR it heavily, expect investment pricing.
Occupancy classification
Second home vs investment classification affects rate. If you'll STR it heavily, expect investment pricing.
Key takeaways
- Honesty on occupancy matters — misclassification is fraud.
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Sources
Program rules change and individual lender overlays apply. Verify specifics with the agency or with a licensed NexGen Capital advisor before relying on them.
Reviewed by NexGen Capital Corp
Written and reviewed by the licensed mortgage team at NexGen Capital Corp, a Florida mortgage brokerage (NMLS #1766649). Verify our license on NMLS Consumer Access.
Last reviewed: 2026
This article is educational and is not a commitment to lend or an offer of credit. Speak with a licensed NexGen advisor about your own situation.