Purchase a home for a qualifying family member with as little as 3% down using the Family Opportunity Mortgage. This mostly unknown loan program is designed to help elderly parents and disabled adult children, who can’t otherwise qualify on their own, into home ownership.

Ordinarily, buying a home that you won’t live in means 20% down and much higher rates. But with this program, you can buy a home for a qualified family member with the same lower rates and low down payment and you don’t have to personally live in the home.

Watch the video above for a more detailed breakdown.

Key points:

Owner Occupied Home Purchase Benefits:

• Lower down payment; 3% down payment instead of 20%+ for a non-owner occupied home purchase
• Better interest rates compared to a non-owner occupied home purchase
• Lower fees/points compared to a non-owner occupied home purchase

Who Can Use This Program?

Children providing housing for their parent(s):

• • If the parent is unable to work or does not have sufficient income to qualify for a mortgage on their own, the child is considered the owner/occupant

Parents providing housing for a disabled or handicapped adult child:

• • If the disabled or handicapped child is unable to work or does not have sufficient income to qualify for a mortgage on their own, the parent is considered the owner/occupant

Click here to apply for a home loan

~Rob

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