Just bought a camp this past year and I can tell you it's not easy. Some lenders will finance as a vacation property but it cannot be within a certain distance of your house. The rates are high and the restrictions on the building are pretty tough. The best two options are a home equity loan on your existing house which was already mentioned and financing through a local bank. For instance, most local banks will have easier restrictions and be more willing to work with you. For instance, the bank of Ickesburg will finance a cabin in any county that borders Perry county. They understand that a good deal of the properties in their area are cabins and have adjusted accordingly. My suggestion, if a home equity loan is out of the question, is to start calling local banks in the area you are looking to buy. They can usually help or point you in the right direction, don't even wast your time on the big name lenders, they'll make it clear they don't even want to touch it. We ended up going through Northwest Savings and Loan and they had a really good rate and relaxed "vacation home" rules that allowed us to finance through them with no problem. Our biggest hurdle was that we had two cabins on one property and nobody wanted to finance that. Northwest didn't even blink an eye.
<span style="color: yellow">Trying to understand women is like trying to smell the color nine. -Ferrell</span>