Buy a home for your parents. Keep your own home.
Certain conventional mortgage guidelines may let you finance a home for your parents using primary-residence terms, even when you live elsewhere. Stonehaven can help you explore whether this approach fits.
Request a TextStart with a conversation. This form does not authorize a credit check.
Let's talk through the options
Tell us where you are looking and how to reach you.
- Your parents live in the home.
- You apply for the financing.
- You may be able to keep your current home.
A home that fits the next chapter
A move closer to family, a more manageable home, or a place with fewer stairs can start with a financing question. Before deciding how to buy, it helps to understand which mortgage structure fits the people who will live there.
How this financing works
Start with the family housing plan
Tell Stonehaven where you are looking and when you hope to buy.
Review the mortgage options
We discuss the occupancy rules, your borrowing profile, and which lender options may fit.
Decide on the next step
If it makes sense to proceed, we explain the application, documentation, and lender review process.
Why the occupancy rules matter
Family Opportunity Mortgage is a common name for a conventional financing approach. In qualifying situations, a home occupied by a parent can receive primary-residence treatment even when the adult child borrowing the money lives elsewhere. It is not a grant or a separate government benefit.
Read the occupancy guidance (opens the Fannie Mae Selling Guide)What we will work through together
- The parent's intended primary residence
- The applicable family-occupancy requirements
- The buyer's income, credit, assets, and existing obligations
- The down payment, closing costs, and complete housing payment
Fannie Mae's parent provision applies when the parent cannot work or lacks enough income to qualify independently. Other investor and lender requirements can differ. Stonehaven will review the applicable route for the scenario.
Questions families ask
Do I have to live with my parents?
An eligible family-occupancy arrangement can allow you to live elsewhere while the home is your parents' primary residence.
Can I already own a home?
Yes, that can be possible. Existing housing costs and other obligations still matter when the lender reviews the new loan.
Do my parents need to borrow with me?
The family-occupancy approach may allow you to borrow without your parents being co-borrowers. Stonehaven will review the appropriate loan and ownership structure.
How much would I need upfront?
Your required down payment, closing costs, and any reserves depend on the loan and lender. We will help you understand the amounts for your situation.
Is this for a vacation home or rental?
This page addresses a home occupied by your parents as their primary residence. Other uses need a different review.
Am I applying for a mortgage here?
No. You are asking Stonehaven to contact you. A mortgage application and any credit authorization are separate steps.
A real person on the other end
Chris De Leeuw
Co-Founder, Stonehaven Lending
Questions about the family-occupancy approach go to a co-founder, not a call center. Request a text and receive personal follow-up from Stonehaven.
Let's talk through a home for your parents
Tell us where you are looking and how to reach you. A Stonehaven team member will follow up to discuss the options and next steps.
Request a TextA mortgage application and any credit authorization are separate steps that come later, only if you choose to proceed.