Asked by Jordan Fabel, 76137 • Fri Feb 3, 2012
I found information about the family opportunity mortgage on Chase.com but the information was date several years ago. I went in to ask if it was still available and the mortgage specialist I talked to had never heard of this mortgage program.
Here is my situation. I am a full-time student, husband and father of 3. My credit score is low and I have owned my own business for the last few years so a loan on my own isn't an option. My parents would like to buy a house and rent it to us but we keep running into the issue of we want to be within .50 miles not 50 making it and investment property and 20% down. In comes the family opportunity mortgage which makes it a 2nd home and not an investment property plus it is required to be close.
So is the family opportunity mortgage available in Fort Worth Texas?
Do we have any other options?
Thanks for any advice you can give.
Real Estate in Fort Worth
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