Have you fallen in love with the Western Slope and are considering purchasing a second home? Second homes are a great way to enjoy this beautiful community, have all the comforts and take advantage of the mortgage tax write off. (The new tax law allows a maximum of $750,000 mortgage deduction for all properties as well as up to $10,000 for property taxes). 


When financing a second home guidelines require that it be "different" than your current home and more than 50 miles from your primary residence.


Interest rates are comparable to a primary residence purchase and we offer many options when shopping for a mortgage. A new change in guidelines: 


Fannie Mae will now allow short term rental income for a second home. We suggest you check if there are any HOA restrictions and local regulations regarding VRBO or AirBnb if you intend to rent out your home to vacation visitors. 

  • The rise of sites like VRBO now makes it easier to receive occasional rental income. This practice is even allowed by most lenders and rental income can be used toward your overall income. 

  • If you’re planning to periodically rent out your second home, your property can still qualify as a “second home” rather than an “investment property,” even if rental income is detected. 

  • Second home mortgage rates are lower than those for rental investment properties.

  • Full-time rental of your second home is considered allowable after one year of ownership.

San Juan Mortgages

Powered by Arbor Financial Group

Debra Markovich, 

Managing Director


PO Box 221

Ridgway, Colorado 81432

(970) 615-0363
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Matt Marovich, Mortgage Banker 


(949) 933-3838

CO MLO 100508767

NMLS 268616

This is not a commitment to lend. Restrictions apply as to LTV and credit score. Rates and terms are subject to change without notice. Terms based on loan program guidelines and APR. The credit may not be extended if we find that you do not meet the criteria used to select you for this offer. The products displayed are based upon customers who have not been late on any other mortgage payments, been discharged in bankruptcy or have been subject to foreclosure. APR based on specific loan amount posted. Program savings available upon confirmed qualifications. National Mortgage Licensing System #236669. Arbor Financial Group License #0185041. Call for details.