A second home in Connecticut can mean a getaway you visit on weekends or a seasonal residence you return to for part of the calendar. Lenders classify it by how you will use it, not by what you call it, and a home rented out most of the time is an investment property instead. Before you shop, check insurance needs, association rules and local rental limits, and talk with a licensed loan officer about your options.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Connecticut short-term rental tax registration: Room Occupancy Tax. Short-term rentals of all or part of a home are subject to Connecticut room occupancy tax. Qualifying short-term rental facilitators (home-sharing sites) must register and collect it; an owner who rents only through such a facilitator need not register, but an owner who also rents directly must register and collect tax on those direct bookings. Lenders may ask for proof of registration with booking statements.
Where the numbers point in Connecticut
Counties with the most second-home loans (2024):
| County | Second-home loans (2024) |
|---|---|
| the Western Connecticut Planning Region | 163 |
| the Southeastern Connecticut Planning Region | 110 |
| the Lower Connecticut River Valley Planning Region | 106 |
| the Capitol Planning Region | 100 |
| the Northwest Hills Planning Region | 90 |
| the South Central Connecticut Planning Region | 85 |
| the Naugatuck Valley Planning Region | 43 |
| the Greater Bridgeport Planning Region | 28 |
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Second Home Mortgages by city in Connecticut
- Ansonia
- Branford Center
- Bridgeport
- Bristol
- Cheshire Village
- Conning Towers Nautilus Park
- Cos Cob
- Danbury
- Derby
- Glastonbury Center
- Hartford
- Jewett City
- Kensington
- Meriden
- Middletown
- Milford
- Milford city
- Naugatuck
- New Britain
- New Haven
- New London
- Norwalk
- Norwich
- Oakville
- Old Greenwich
- Pawcatuck
- Riverside
- Rockville
- Shelton
- Sherwood Manor
- Simsbury Center
- Southwood Acres
- Stafford Springs
- Stamford
- Storrs
- Terryville
- Thompsonville
- Torrington
- Wallingford Center
- Waterbury
- West Haven
- Willimantic
- Winsted
Common questions
How does a lender decide whether a home is a second home?
Lenders generally look for a one-unit property you occupy for part of the time, that is not rented full time, that is not a timeshare, and that you control rather than a management company. Many also consider whether it sits in a vacation-type area or at a reasonable distance from your main home. Each lender applies its own standards, so describe your plans honestly and ask how they will classify the property.
What happens if I call a rental a second home on my application?
Stating the wrong occupancy on a loan application is mortgage fraud. Consequences can include the lender demanding full repayment and legal exposure. If you intend to rent the property out most of the time, apply for an investment property loan instead. If your plans are unclear, tell the loan officer so they can explain the categories and help you choose the one that matches your real use.
Will a second home cost more than my primary home loan?
Second home loans are often priced closer to a primary residence loan than an investment loan, but they may still carry somewhat different terms, and lenders often ask for a larger down payment than on the home you live in. Pricing depends on your credit, the property, the program and the market. Compare Loan Estimates in full rather than focusing on one number.
Other investor loans in Connecticut
DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiInterest-only investor loansPrivate money lenders
Related guides
- DSCR Loan vs Conventional Investment Property Loan
- What Is a DSCR Loan? Meaning, the Ratio, and How It Works
- How to Compare DSCR Lenders and Loan Offers
Second Home Mortgages overview · Connecticut investor loan overview
- 2024 HMDA data