10/11/2023
One conventional loan with expanded guidelines to allow owner-occupied financing under special circumstances is...
The Family Opportunity Mortgage:
• When parents or legal guardians of a disabled adult child want to provide housing for the child.
• When children want to provide housing for parents who cannot qualify for a mortgage because they cannot work or their income is too low.
Borrowers are able to obtain financing at the same interest rates and terms as a principal residence under these circumstances. They do not have to use second home or investment property requirements.
Let’s talk!
