What is a vacation/second home and are there any existing liens/loans on it?
Vacation/Second Home liens must be in first position (no other liens on property). Second Homes are usually, a vacation home, but could also be a property you regularly visit in a city you often conduct business. Must live in the property for a portion of the year, must be a single-family residence, does not generate income, must be at least 50 miles away from the primary residence. Jovia will not proceed with any property that is being utilized as an Airbnb.