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.
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