Down payment for a second home?

[bank5]

Is 20% required for a down payment on a second home? If it is can you take out a HELOC to pay a portion of it? I've thought about buying a second home and renting my current home if a great opportunity comes up.

 

[tryan]

Lending standards are changing every day (tighter and tighter). Bet if you applied for the "second" home as your primary residence you'll have no problem. Also would help if a tenant and lease were available for the rented home.