Hope you are doing well and having a great week. I am of the belief that since you are not married yet that this could be an acceptable situation although you would have to purchase his house as an investment home since it will not be your primary residence which means you will probably have to put 20% down but by NO MEANS AM I AN EXPERT and am just soley giving you an opinion. If you would like to contact a very reputable mortgage broker that I deal with on a regular basis you can call Erik Stephens at Covenant Mortgage, his direct # is 704 887 4911 and he will shoot you straight on the issue. If you need help in looking for your new home I would be more than happy to assist you so if you would like to give me a call or email me and give me some of the parameters of what you are looking for I can do some searching for you.
Thanks so much,
Carolinas Choice Realtors
Many lenders will not allow a relative to purchase the home of a family member. If you can find a lender that would allow it after you have explained what you want to achieve, the home would still need to appraise for the contract amount. I would just call your lender and ask if they would permit it. If you don't have a lender in mind...call Troy Meeks with Alpha mortgage. Troy is located off Fairview Road in South Park. It's probably worth asking about.
Scott A. Pridemore