FHA is the main outlet for this type of program, but Fannie Mae also has an outlet for this type of financing as well. Please feel free to give me a call and I would be happy to discuss your mortgage financing options with you.
Julie A. Horvath
NMLS ID: 563029
I belive this loan got it's name because many parents would ny a condo for their college aged kids while thay attened school and not have to finance the property as an investment with higher down payments & interest rates.