Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

It is much easier to modify an existing program being run by the correct federal department than to run a program thru the bank.  

@Ann Bellamy, @Max K.Max,Ann B. is a trusted colleague and Black Diamond puts on a great program.

If the property remains in your parents' name, there are mortgage programs for first time home buyers where the fees are included in the loan or even paid for by the lender. 

Appraisers do not exist in the world of mortgages because nobody else can figure out what the property is probably worth - any monkey can do that.Computer programs can not be programmed to calculate human objectivity as it translates into dollars. 

Am I to sit down with each one, looking at their bank statements, cell phone bills, electric bills, gym memberships, credit cards...and say if you do this or do that you can afford to pay me this? 

Does anyone have more information about this program?

Do not do this program money hungry cons. 

Lenders have changed the way that they lend and are being more conservative in many instances to mitigate risk. shoot me a message when youre ready I'll give you the contact info to a few lenders with really strong programs s that you can start to shop them, this way when the dust settles not the pandemic you'll have a few options and new relationships.

I intend to roll out the program regardless of the tax implications, but am interested if there is something I could do in advance to best structure this.