Yes. You can finance a second home without owning a primary residence, as long as you qualify carrying both payments. Your current rent and the new housing payment both count in your ratios. The catch is pricing. A few years back, Fannie Mae and Freddie Mac, at FHFA's direction, added pricing adjustments that stripped away the near-primary pricing second homes used to enjoy. Second-home loans now price much closer to investment-property loans, though investment adjustments still run higher. Either way, expect noticeably worse terms than an owner-occupied loan. Two things to check before you commit: - Shop beyond the agencies. If conventional second-home pricing doesn't work, a portfolio or non-QM lender may offer better second-home terms, so compare. - Make sure the property genuinely fits second-home occupancy rules rather than being an investment in disguise. That distinction drives both the pricing and the eligibility. Confirm the current second-home guidelines and pricing for your situation before you lock in a plan.