Buying A House For A Relative To Live In May 2026

: You can find these options through major lenders like SoFi or FNBO .

: This is a specialized conventional loan option that allows you to buy a home for an elderly parent or a disabled adult child who cannot qualify for a mortgage on their own. buying a house for a relative to live in

Depending on your goals and the relative's financial situation, you can structure the purchase in several ways: : You can find these options through major

: Typically requires the home to be a certain distance from your primary residence (often 50+ miles) and may have higher rates than a primary mortgage. even though you won’t live there.

: You get the same favorable interest rates and low down payment requirements (as low as 5%) as a primary residence, even though you won’t live there.