Question 1

Can I use rental income from my Big Bear cabin to qualify?

Accepted Answer

Usually no. Lenders rarely count projected vacation rental income on a purchase. You need to qualify on your own income.

Question 2

Do conventional loans work for Big Bear investment properties?

Accepted Answer

Yes, but expect 15-25% down and tighter reserves. Investment pricing is higher than second home pricing.

Question 3

What's the difference between a second home and an investment property in Big Bear?

Accepted Answer

A second home you occupy personally part of the year. An investment property is purely for rental. That classification changes your rate and down payment.

Question 4

Are conventional loan limits high enough for Big Bear homes?

Accepted Answer

San Bernardino County's conforming limit covers most Big Bear price points. Jumbo financing is available if you exceed it.

Question 5

Does wildfire risk affect my conventional loan approval in Big Bear?

Accepted Answer

It affects your homeowners insurance more than the loan itself. Lenders require active coverage, and wildfire-zone policies run higher in Big Bear.

Conventional Loans in Big Bear Lake, CA