Finance
A buyer purchasing a Park City vacation condo as an investment property will likely face:
AThe same loan terms as a primary residence
BHigher interest rates and larger down payment requirements compared to a primary residence✓ Correct
CFHA financing with lower down payment requirements
DUSDA financing available for resort areas
Explanation
Investment properties require larger down payments (typically 15-25%) and carry higher interest rates than primary residences. Lenders view investment properties as higher risk. FHA and USDA loans are not available for investment properties.
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