Check your budget and savings
Review your credit score and debt-to-income ratio
Decide how you will use the second home
Compare financing options
Get preapproved for a mortgage
Save for the down payment and closing costs
Estimate taxes, insurance, maintenance, and HOA fees
Choose a location and property type
Work with a real estate agent
Make an offer on a suitable property
Complete inspections and due diligence
Finalize the mortgage and closing paperwork
Close on the property
Set up utilities, insurance, and property management if needed