Tayton Capital is licensed in both Colorado and Florida — we work with snowbird buyers constantly. People who own in Telluride, the Western Slope, Denver, or Colorado Springs and want a winter base in Naples without juggling two lenders in two states. One team, both states.
Why "Second Home" Classification Matters
Second home rates are 0.25–0.5% lower than investment, 10% min down vs 15–25%, and allow part-year short-term rentals. Requirements: 50+ miles from primary (Colorado qualifies easily), you occupy part of the year, no management agreement restricting personal use, one-unit only.
Loan Options
Conventional Second Home: 10% min down (20% avoids PMI), 680+ credit (740+ best pricing), DTI under 45%, 2–6 months reserves on BOTH properties, loan limit $832,750 (Collier County).
The dual-mortgage DTI reality: Your Colorado mortgage doesn't disappear. CO mortgage $2,500/mo + Naples PITIA $4,200/mo = $6,700 combined. At 43% DTI, you'd need ~$187K/year gross. We calculate precisely during pre-approval.
Jumbo Second Home: Most Naples properties exceed $832,750 — requires 720+ credit, 20–30% down, 12 months reserves.
Bank Statement Loan: For self-employed Colorado business owners with write-off-heavy returns. Uses 12–24 months of deposits.
Asset Depletion Loan: For retirees with significant investments but limited W-2 income. $2M ÷ 84 months = ~$23,800/month qualifying income.
The Colorado-to-Florida Process
1. Pre-Approval — dual-property DTI run, Naples budget set, letter issued in one business day. 2. Property Search — we review condo warrantability, flood zone, HOA before you offer. 3. Under Contract — appraisal 7–14 days. 4. Remote Closing — e-signed, mobile notary comes to you in Colorado. 5. Keys.
Naples Insurance Reality
$5,000–$12,000/year HOI on a $795K SFH. Flood insurance $1,500–$8,000/year in flood zones. Vacancy endorsement needed if vacant 30–60+ days. We get a real quote before you fall in love with a listing.
Florida Homestead Exemption
Saves up to $50,000 off assessed value — but only on your primary residence. Snowbirds maintaining Colorado as primary cannot claim it. See our homestead exemption guide.
Ready?
Contact Tayton Capital or apply now.
📧 tj@taytoncapitalllc.com
📞 970-708-9624
Get help with florida
Talk to a licensed broker or explore the program that fits this article.
Frequently asked questions
Can I get a Florida second home loan while still having a Colorado mortgage?
Yes — both mortgages factor into your DTI. The key is sufficient income or assets to support both payments. We calculate your dual-property DTI during pre-approval.
What is the minimum down payment for a Naples second home?
Conventional second home loans allow 10% down. Jumbo loans (above $832,750) require 20–30% down.
Do I need to travel to Naples to close?
No. We close fully remote — e-signed documents and a mobile notary comes to you in Colorado for any wet-signature items.
Can I rent my Naples second home on Airbnb?
Yes, second home loans allow short-term rentals as long as you also use the property personally. Full-time rental without personal use = investment property classification.
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