PRM offers the Family Opportunity Mortgage that allows clients to finance homes for elderly parents, college-bound students or disabled adult children. Traditionally, these types of transactions would be consid-ered investment properties with higher interest rates and costs to close. By utilizing the Family Opportunity Mortgage, family members can lend a helping hand, and benefit from attractive rates, fees and terms.
PRM has the ability to finance the purchase or refinance as an owner occupied residence, meaning low down payments, interest rates and monthly payments.
Take advantage of this program when a family member is disabled, unable to work or has insufficient income to qualify for a mortgage.
- Adult children purchasing or refinancing a primary residence for dependent parent(s)
- Parents purchasing or refinancing a primary residence for a disabled child
Family Opportunity Loan