May be subject to Flood Insurance. Properties can range in price depending on location and the body of water. Great Lake and ocean front properties can sell in the millions of dollars. Many loans taken on these properties are jumbo (non-conforming) loans. I have a variety of lenders to choose from for financing purchases or refinances.
Jumbo financing are loans that are over $359,650 (except AK and HI).
Pay Option Arms and Interest Only Financing may be available for financing these properties.