New Loan Program - "The Family Opportunity Mortgage"

For families facing some challenging housing arrangements - we announce the offering of the Family Opportunity Mortgage. Now, if you need to buy a home for a disabled (unable to work) family member, provide housing for a college bound child - "Kiddie Condos", or provide a home for your elderly parents - you will no longer have to pay the higher interest rates associated with the home being considered as an investment property.

For elderly parents or disabled family members, you will need to provide a letter stating their intent to occupy the property as their primary residence and if applicable, an explanation regarding the disability. There are no distance requirements and you will qualify as the primary purchaser on the property.

For "Kiddie Condos", you will be permitted to purchase as if you were buying a second home. You'll need to provide documentation proving enrollment and the property must be located in reasonable proximity to the college. The property cannot be rented and you may not own another home within the vicinity.

These are exciting programs with significant interest rate reductions to you as a borrower and financing may be permitted up to 100% if you are qualified.  If you would like more information, please contact us at Metro Mortgage Company.

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