I believe FHA allows a non-occupant co-borrower to help a parent buy.
For an accurate answer Contact: http://www.AmeriSave.com/myrea/Alma Call David Clark 404-424-0699 or toll free 866-970-7283 ext 7885
If you're not yet working with a Realtor, you're welcome to browse "like a Realtor" on my website:
Sign up for a free Listingbook account.
Also if you are willing to buy an ugly fixer upper, you can buy a HUD owned foreclosure with an FHA 203K fixer upper mortgage and only put $100 down! You can search available HUD foreclosures, here, and I can show you those homes, too and input your bid. http://www.HUDHomestore.com
All the best,
Alma Rose Kee, PA
Future Home Realty