FHA Kiddie Condo Home Loans in Denver Colorado
Help your kids buy a home with the FHA Kiddie Condo Home Loans!
If you are a parent who would like to help your kids get a great jump-start in life, FHA Kiddie Condo Home Loans can help.
Highlights of FHA Kiddie Condo Home Loans:
- Non-occupying co-signer (blood relative) allowed.
- Co-signer's income and assets used in qualification.
- Same low rates as any other FHA Home Loan program
This type of financing allows a parent or other blood-relative to co-sign for their children to help them purchase a home. The nice thing is that the co-signer doesn't have to be a parent and the buyer doesn't have to be their child. As long as it's a blood relative co-signing for the other blood relative, the FHA Kiddie Condo Home Loan can help.
The co-signers full income and assets as well as credit will be used to help the primary buyer qualify. With conventional financing, non-occupying co-signers cannot be used, so FHA Kiddie Condo Homes Loans are one of the last remaining programs that allow a co-signer. However, it is important to know that the co-signer's credit cannot overcome credit problems with the primary buyer- the lower of the all of the borrower's credit scores will be used for qualifying.
The nice thing too is that the type of home purchased doesn't have to be a condo. You can utilize FHA Kiddie Condo Home Loansfor the purchase of a detached single-family home, a townhouse, or even a four-plex!
Interest rates are low on FHA Kiddie Condo Home Loans right now, and a variety of loan terms are available.
We strive to provide the best service in the industry and honest, professional financing advice for your FHA Kiddie Condo Home Loan program.
Read our client testimonials!
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