Parents cosign owner-occupant loan for adult child — FHA allows non-occupant co-borrowers.
FHA (and some conventional) loans allow non-occupant co-borrowers — typically parents cosigning for an adult child buying a first home or condo near college / work. Child occupies as primary residence; parent's income / credit qualify the loan. Only 3.5% down (FHA), all borrowers on title, and parents can gift the down payment. Ideal for young professionals, med / law students, and college housing plays.
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Eligible veterans buy with $0 down, no PMI, and assumable rates.
0% down in USDA-eligible areas — includes many suburban zip codes.
Neighborhood Assistance Corp of America — below-market rate, zero down.
Fannie / Freddie low-income programs — 3% down + reduced PMI.
1.25–2.25% down for enrolled tribal members — nationwide.
State / county / employer DPA — $5K–$50K forgivable or 0% deferred 2nd.
$100 total down on FHA-repossessed homes for owner-occupants.
3.5% down + rehab budget rolled into one loan — buy distressed properties.