FHA Kiddie Condo Loan
The FHA Kiddie Condo Loan is one of FHA's specialized options. Here is the plain-English rundown for 2026.
How it works
The 'kiddie condo' uses FHA's non-occupant co-borrower rule so a parent can co-buy with a child (often a college student) as owner-occupants, keeping the 3.5%-down terms.
Key things to know
- Minimum 3.5% down with a 580+ credit score (10% down for 500-579).
- Loan amounts are capped by your county FHA limit — $541,287 floor up to $1,249,125 in high-cost areas.
- FHA mortgage insurance applies; budget the 1.75% upfront premium plus annual MIP.
- The home must be your primary residence and meet FHA's minimum property standards.
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Frequently Asked Questions
- What is the FHA Kiddie Condo Loan?
- The 'kiddie condo' uses FHA's non-occupant co-borrower rule so a parent can co-buy with a child (often a college student) as owner-occupants, keeping the 3.5%-down terms.
- What credit score and down payment are required?
- Like other FHA loans, 580+ qualifies for 3.5% down; 500-579 requires 10% down.