Secure a Home for those who Matter Most

The Family Opportunity Mortgage Program | A loan program designed to help families take care of their loved ones by providing safe and secure housing that is also a smart investment opportunity.

According to Fannie Mae, a child may provide housing for an elderly parent “if the parent is unable to work or does not have sufficient income to qualify for a mortgage on his or her own.” The Family Opportunity Mortgage program allows the purchase of a home for an elderly parent or an adult child with a disability at “owner-occupied” rates and guidelines.

This loan option can help borrowers take care of their family members by supplying housing for them and at the same rates, fees, and lending flexibility as if they were buying their own home to live in. Additionally, the occupier of the house does not have to be on the loan.

To qualify for the loan, the borrower will need to meet Fannie Mae's conventional loan requirements including proof of relationship and proof the family member can’t afford the mortgage on their own.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.