Introduction to the Fannie Mae Family Opportunity Mortgage

The Fannie Mae Family Opportunity Mortgage (also called Family Opportunity guidelines) allows you to purchase or refinance a home as an owner-occupied primary residence — even if you won’t live there — when buying for:

• Elderly parents who cannot work or lack sufficient income to qualify on their own
• A disabled adult child (age 18+)

This special occupancy treatment provides significantly better interest rates, lower down payments (as low as 5% or 3% with HomeReady), and more favorable terms than investment property loans. Ideal for Florida families in Winter Park, Orlando, and beyond.

Key Benefits of the Family Opportunity Mortgage

• Owner-occupied interest rates (often 0.5–1% lower than investment loans)
• Down payment as low as 5% (or 3% with compatible programs)
• No need for the family member to be on the loan or qualify financially
• Available for purchase or refinance
• Works with single-family homes, condos, and 2–4 unit properties

Eligibility Requirements (2026 Fannie Mae Guidelines)

To use these guidelines:

• The resident must be your parent (or in-law) who is elderly / unable to qualify independently, or your adult disabled child
• Borrower credit score typically 620+
• Debt-to-income ratio usually up to 45%
• Proof of relationship and family member’s situation (affidavit, medical documentation if needed)
• Standard Fannie Mae income, employment, and reserve requirements apply to the borrower

Note: Not available for siblings, cousins, or other relatives.

How to Apply

1. Get pre-approved to know your buying power
2. Find a qualifying property
3. Provide documentation for the family member’s situation
4. Close with owner-occupied terms

Contact Jhenesis Mortgage

Ready to explore the Fannie Mae Family Opportunity Mortgage? Reach out today.

Call: 407-630-9766
Email: info@jhenesismortgage.com