Fannie Mae Agency Loan

With the Fannie Mae Agency loan you may add a parent as a borrower and their child may purchase a home without the parents intent to occupy as a primary residence. Here are some condintions:

  •  Must be relative’s primary residence.
  •  Five percent down payment.
  • Children can provide housing for elderly parents-even if parents have little or no income.
  • Parents can provide housing for physically or developmentally disabled adult child-even if child has little or no income.
  • Can purchase “group home” where disabled adult or elderly parents would live.