Desert Dream Realty
Find your Dream Home with Us!
Office: 480-252-8300     Fax: 480-619-5093
Kiddie Condo Loan Program

Great Loan Program for Student Housing! - FHA Kiddie Condo Program

Looking for off-campus housing for your college-bound student or maybe you want to help your recent graduate purchase a home? Check out the FHA Kiddie Condo Loan Program. This program allows a student to co-borrow with their parents using the co-borrower's income or assets. Both borrowers will take title to the property and sign for the loan.

What are the Advantages?

  • Low down payment, as little as 3% of the purchase price
  • Lower owner-occupied interest rate vs an investment interest rate
  • Helps your student establish a solid credit rating
  • Can purchase a condo, townhome or single family home
  • May have roommates

What is the catch?

  • Both borrowers must qualify although the student may be able to use non-traditional credit to qualify
  • Co-borrower must be a blood relative such as parents, grandparents or siblings
  • Student must be at least 18 years of age

The student or at least one of the borrowers must occupy the property as a primary residence, but extra bedrooms could be rented out to assist with the mortgage payments and other expenses of maintaining the property. This is a perfect way for a college student, recent graduate or anyone unable to obtain a loan on their own to enter into home ownership.

For more information contact one of our agents at 480-252-8300 or fill out the form below.

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Desert Dream Realty
6201 E Cave Creek Rd. Suite B • Cave Creek, AZ 85331
Office: 480-252-8300 • Fax: 480-619-5093


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