Retired Person

I have a few ideas that can help, why don't you think it can be done wholesale? Contact me. Gregorio Denny - WeFixRates.Com - 800-335-6897

Derek I see no issues going fannie mae or freddie mac, VA or FHA whichever is going to be best fitting for the clients criteria. I would be more then happy to help.Gianni Cerretani

Please call me to cover this scenario in more detail so I can maybe help with an idea or two.949-533-9333 Bryan Wilson Owner Aliso Niguel Mortgagee

Likewise Derek, would need to speak to you regarding what can be done and what hurdles you are facing. I work for a direct lender, FHA and Conventional. Located in La Palma, in business since 1992. Give me a call or email me off my page on this site. Thanks, Chris Gummerson714-367-5126Bayvalleymortgage.comchrisg@pacbaylending.com

I'm confused... is the retired person's condo an investment property or the one that the son intends to purchase? You used future tense there ("...does not intend to live in the property." sounds like a property that's not yet theirs.) If the retiree lives in the condo you can do a cash out. If income is an issue use a program that considers non-occupant coborrower income, such as FHA. If the retiree is going to live in the new property then why not do FHA for all of the parties?