Florida Mortgage Financing Loan Programs For Elderly Parents

Getting a mortgage loan for your elderly parents is easier than you think and they offer some of the lowest interest rates available. Special mortgages exist for the children of elderly parents. In addition, there are mortgage programs for able-bodied people who live with qualified elderly parents. For instance, a caretaker who shares a home with his elderly parents might get a special mortgage.

Buying a Home for your Elderly Parents

This loan program is designed for the children who want to provide housing for their elderly parents If the elderly parents are unable to work or don't have sufficient income to qualify for a mortgage their own.

Loan Program Requirements for the Children of Elderly Parents

  • It must be the elderly parents principal residence.
  • The property will be considered to be the children's primary residence even though they will not be occupying the property.
  • Purchase or rate and term refinance transactions allowed.
  • The elderly parents are not required to be on the title or on the mortgage.
  • Tax returns are required from the elderly parents which document insufficient income to qualify.
  • 5% Down Payment required.
  • 620+ Credit Score required.
  • 6% Seller Credit towards buyers closing costs allowed.

We know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilizing our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible.



Why should you choose First Florida Financial Group, LLC

  • We offer some of the lowest interest rates available
  • We offer same day free pre-qualifications.
  • 24-hour underwriting.
  • Loan closings in as little as 30 days. 
  • Over 50 years combined experience.
  • We work for you and only get paid when we’re successful on your behalf! In most cases, our fees are paid by the lender so our borrowers have little or no out of pocket expenses for loan origination costs.
  • We don't just offer the normal loan programs like most banks do, We offer ALL loan programs available and we offer them without the additional underwriting requirements and loan limitations that other lenders may have.    

We offer loans for the entire state of Florida and all of the following cities;
Monroe County Florida Cities; Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Sugarloaf Shores, Summerland Key, Tavernier, Collier County Florida Cities; Marco Island, Naples Golden Gate, Alva, Boca Grande, Bonita Springs, Buckingham, Captiva, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, Sanibel, Jacksonville, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Miami, Palm Beach, West Palm Beach, Boca Raton, Miramar, Sarasota, Gainesville, Bradenton.

1% Down Payment Loan
Got A Question?

Thanks and we look forward to working with you on your mortgage needs!

Fields marked * are required
First Name  *
Last Name  *
Email  *
Cell Phone  *
Loan Purpose  *
Loan Program Type: *  
Found a Property? 
Credit Self-Rating  *
Credit Score (Middle) 
Occupancy  Type*
Sales Price 
Down Payment 
Loan Amount  *
Bankruptcy  *
Best Time To Call 
Have you spoken with any of our loan officers?  *
What is their name?  *
How Did You Hear About Us?  *
Referral Person's Name?
Please Explain any Prior Short
Sales/Foreclosures & How Can We Help You?*