Buy a home for an elderly parent, or an adult child with a disability, at the same mortgage rate and down payment as if you were going to live in the home.

Program Advantages

  • Lower down payment than second home or investment property loans
  • Standard owner-occupied mortgage rates
  • Borrower does not have to live in the property
  • No distance requirements from borrower's primary residence

Eligibility Requirements

  • 620+ Credit Score
  • Debt-to-income (DTI)* approved by automated underwriting system
  • Steady Employment
  • Enough income to support your current housing costs plus additional expenses of owning another home

*Debt-to-income (DTI) ratio is monthly debt/expenses divided by gross monthly income