Yes. Both the minimum down payment and the pricing step up as the property gets further from being your primary home. A primary residence has the lowest entry: zero down on VA or USDA for those who qualify, 3% on some conventional programs, and 3.5% on FHA. A second or vacation home on a conventional loan takes a minimum of 10% down. The catch is pricing. Fannie Mae and Freddie Mac realigned their loan-level price adjustments so second homes now price much closer to investment properties, which means a low-down-payment second home carries a meaningful hit to your rate or costs. Even putting a quarter down doesn't erase all of it. Investment property sits at the top. On conventional financing, plan on 15% down minimum for a single unit and 25% for a 2-4 unit property, with the steepest pricing of the three buckets. Two practical notes: - Because second-home and investment pricing now sit close together, some borrowers are tempted to just call a property an investment and use a share of the market rent to help qualify. That's a legitimate strategy only if it's accurate. Occupancy gets stated honestly, full stop. - If the agency pricing on a second home stings, look at portfolio lenders (banks, credit unions, or jumbo lenders that keep loans on their own books). Many haven't adopted the same steep second-home adjustments.