If she has great credit, income, and assets...I would recommend a conventional type mortgage with a higher downpayment to lower principle balance. If she wants to retain as much of her savings as possible, a FHA loan is the way to go there. She should consult with a real estate agent in the area she wants to move to also to see what is available. A condo might be better suited for her also since maintence would be covered, however there would be maintence fees to consider. Either way, a lot of planning has to be done to address this situation...I wish you and your mother the best and hope everything works out.
Thanks, Randall Sandin
Carolina One Real Estate
Since this seems to be a financing-specific question, my advice would be to give Leah Avery at Bank of America a call. She can be reached at (803) 255-7759. Here is a link to her profile....
If I can be of assistance on the real estate side (selling or purchasing), please don't hesitate to call. I can help you with any transaction throughout South Carolina.
I look forward to hearing from you soon!
Much Success in Your Real Estate Pursuits!
David A. Patterson, Broker CRS
Keller Williams Realty
4400 Saint Andrews Road
Columbia, SC 29210
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Cash from her home allows income to afford another home.