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Updated almost 12 years ago,

Bob Dale's profile image
Bob Dale's profile image
Bob Dale
  • from Cypress, Texas
  • Member since Apr 7, 2013
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Bob Dale's profile image
Bob Dale's profile image
Bob Dale
  • from Cypress, Texas
  • Member since Apr 7, 2013
Connect
Bob Dale
  • Cypress, TX
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General Landlording & Rental Properties

Family Opportunity Mortgage for Student w Roommates

Bob Dale
  • Cypress, TX
Posted

Is anyone familiar with the terms of an FOM that allows parents to purchase a college residence for ther student child as a 2nd home...ie not an investment loan? Can that child/student have roommates that pay rent for their portion of the property as long as the child/student lives there for at least the 1st year?

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