Introducing the Family Opportunity Mortgage

By
Mortgage and Lending with Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages NMLS#237468

Shelter your loved ones with the Family Opportunity Mortgage

Now you can obtain mortgage financing in Florida for your college-bound children, disabled adult children, or elderly parents without the expense asssociated with purchasing an investment property.

Program Conditions:

Parents of college-bound students may qualify if:

  • You don't own a second home in the same location
  • Your child is enrolled at a college near the purchase property

Parents of disabled adult children may qualify if the disabled adult child:

  • Will occupy the property as their primary residence
  • Is unable to qualfiy on their own

Note: Parents may own and maintain a primary residence.

Adult children of elderly parents may qualify if the parent:

  • Will occupy the property as thier primary residence
  • Is unable to qualify on their own

Note: Adult children may already own and maintain a primary residence.

Mortgage program available for conforming loan amounts only. Fixed, ARM, and Interest Only loans available.

Call The Tampa Bay Mortgage Pro today to learn more about this mortgage and many others to fit your borrowing needs! Or visit me at www.thetbmortgagepro.com

Joshua A. Lerette - The Tampa Bay Mortgage Pro

727-488-7355

josh@netratemtg.com

 

Posted by

Joshua LeretteAn experienced mortgage industry professional, Joshua Lerette has helped home owners and potential home buyers across the country purchase andrefinance their homes for over 11 years. Based in Tampa, FL, Joshua Lerette is an well known expert in the industry and extremely well versed in mortgage products available to potential clients including FHA Loans, VA Loans, USDA Loans, Fannie Mae and Freddie Mac home mortgage loans as well as Jumbo Loans to help potential home buyers and home owners either purchase or refinance.

 
 
 
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Anonymous #2
Anonymous
mary mae

Where do you get these loans?  How old is elderly?

What banks lend these kinds of loans?

July 04, 2009 04:50 PM
Rainer
18,748
Joshua Lerette
Tampa Bay's #1 Trusted Mortgage Specialist
Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages

Hello Mary Mae,

Actually if you are looking to buy a home for your elderly parents, I'd be happy to assist you. Elderly...well is loosly defined. If your parents are on S.S., only have part time jobs, then they are considered elderly. Hope this helps.

July 17, 2009 07:41 AM
Anonymous #4
Anonymous
Nancy

I know of this ruling in the Fannie Mae 2011 Selling Guide.  But my son does not qualify for a conventional loan to buy a house for me.  He only qualifies for an FHA loan.  Do they still allow a child to buy a home for an elderly parent as owner-occupied status?

August 30, 2011 09:20 PM
Anonymous
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Rainer
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Joshua Lerette

Tampa Bay's #1 Trusted Mortgage Specialist
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