This program enables legal entities to obtain long-term, fixed rate financing. It is designed to provide financing for small, community based homes for children and adults with disabilities who are unable to live independently. A home financed with the FNMA Group Home Mortgage for Legal Entity Borrowers can be a one-family or two-family residential structure. The property is designed or adapted for occupancy by individuals in a home like setting which will provide long term housing and on-site support services.
For more information or to apply for a Group Home loan please contact our Mortgage Department.