Family Opportunity Program
The Family Opportunity Program helps borrowers secure housing for their parents who would not qualify on their own.
GENERAL PROGRAM REQUIREMENTS
- Homes that are purchased or refinanced must serve as the primary residence for the family member who is unable to work or has insufficient funds to qualify.
- Borrowers may own a primary residence other than the property they are purchasing for their parent(s).
- Program allows pricing for the loan to reflect as primary residence for the borrowers - no pricing hits for occupancy.
- Transaction must meet all program underwriting guidelines.