Kiddie Condo Program

Mortgage Summary:

The FHA kiddie condo program is a great way for home buyers purchase a condominium.  Under this program you can co-borrow with a blood-relative (eg. parent, grandparent, sibling, etc) who helps you qualify for a home loan when purchasing a condominium. Both borrowers take a title to the property and sign on the loan. Qualifiers can place only 3% down under this mortgage loan.

Consult with a mortgage loan professional for the newest lending guidelines as they do change from time to time.

 

Mortgage Loan Catagory

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Tags: Fannie Mae, Freddie Mac

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