Kansas Second Home Loans and Mortgage Solutions
Financing Your Dream Second Home
Looking to purchase a second home in Kansas? Whether you're considering a peaceful weekend retreat or a seasonal getaway near family, BNB Lending offers financing solutions for homes intended for personal use with limited rental activity. We provide competitive second home mortgage options that align with state tax guidelines and local zoning requirements. Our team walks you through every step, from evaluating your property's classification to understanding local STR taxes. If you're planning to buy a part-time residence in Kansas, we’ll help you secure the loan structure that fits your goals and keeps you compliant.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states!
Frequently Asked Questions
What are the requirements for a second home loan in Kansas?
Second home loans in Kansas follow federal lending guidelines. The property must be a one-unit home that is livable year-round and occupied by the borrower for part of the year. It cannot be a timeshare or primarily used for short-term rentals. Lenders typically require a 10–20% down payment, strong credit, and stable income. Kansas does not impose additional distance or occupancy rules beyond the federal standard, but local zoning and STR policies may apply. BNB Lending reviews your plans, property location, and ownership goals to determine whether a second home loan is your best fit.
How do short-term rental rules affect loan classification?
If your property is frequently rented on a short-term basis, it may be classified as an investment property instead of a second home. This reclassification changes your loan terms, often resulting in a higher interest rate and more documentation requirements. Kansas has no statewide STR restrictions, but cities and counties may impose their own rules, including transient guest taxes. Some municipalities may require permits or registration. At BNB Lending, we help you understand how local short-term rental policies affect your loan eligibility and guide you toward the most appropriate financing path.
Do second homes qualify for property tax benefits in Kansas?
Second homes in Kansas do not qualify for a homestead exemption. Property classification affects how your home is taxed. If your second home meets the criteria for a bed-and-breakfast with five or fewer rooms, it may qualify as Class 1A and be taxed at 11.5%. Most other second homes used for short-term lodging fall into Class 1F, taxed at 25% of assessed value. Kansas assesses all real property using classification rules based on use. BNB Lending helps you review how your property will be classified to estimate your long-term tax obligations accurately.
Can I deduct mortgage interest on a second home?
Mortgage interest on a second home may be deducted on both your federal and Kansas state tax returns if you itemize deductions. The IRS allows deductions for qualified residences, though limits apply based on loan amounts and use. Kansas continues to offer a state-level mortgage interest deduction, making second homes more tax-efficient for qualifying borrowers. If the property generates income through short-term stays, your deduction may be prorated. BNB Lending helps you structure your loan with potential tax savings in mind and encourages clients to consult with a CPA.
Are there second home loan programs in Kansas?
Kansas Housing Resources Corporation programs are designed for owner-occupied primary residences and do not extend to vacation or second home purchases. There are no state-backed loan assistance programs available for second homes. That’s where BNB Lending steps in—with competitive second home mortgage options available statewide. Whether you're buying a lake house, a seasonal condo, or a countryside escape, we offer fast closings, flexible loan terms, and personalized support to help you comply with Kansas tax classifications, STR rules, and financing standards.
What types of properties qualify for second home loans?
Second homes must be one-unit residences that are suitable for year-round living and used primarily for personal occupancy. Acceptable property types include detached houses, condos, and townhomes. Timeshares and multi-unit dwellings do not qualify. Zoning ordinances and HOA regulations may limit short-term rental use, especially in resort or urban areas. In Kansas, property tax classification may also depend on whether the home is used as a short-term rental. BNB Lending helps you evaluate the location, structure, and intended use to ensure the property fits second home loan criteria.
Who benefits from choosing a second home loan over an investment loan?
These loans are perfect for self-employed individuals, LLCs, and investors managing multiple properties. If you plan to use your Kansas home primarily for personal stays and only rent it occasionally, a second home loan may offer better rates and terms than an investment loan. These loans must be in your personal name—not held by an LLC. BNB Lending structures Kansas second home loans to provide flexibility while keeping your financing compliant with lender and zoning guidelines.
