Help your child buy a home even as a student or first-time buyer

Looking for a smarter alternative to renting while your child attends college or starts their career? FHA Kiddie Condo Loans in Colorado are a great option for parents who want to help their children become homeowners while building credit and equity.

At Choice Mortgage Group, we help families across Centennial, Denver, Boulder, Castle Rock, Highlands Ranch, and beyond use this unique program to purchase affordable homes for college students and first-time buyers.

What is an FHA Kiddie Condo loan?

The “Kiddie Condo” is an unofficial term for an FHA loan where a parent co-signs with their child to help them qualify for a mortgage. The child can live in the property as their primary residence, while the parent provides additional income and credit support.

You don’t have to be related, and you don’t have to live in the home. The key is that at least one borrower must occupy the property.

It’s a great fit for:

  • College students who want to live off-campus
  • Young adults starting their careers
  • First-time buyers who need a co-borrower to qualify
  • Parents investing in their child’s future

Learn more about co-borrowing and non-occupant co-signers from HUD’s FHA Guidelines

Benefits of FHA Kiddie Condo loans

  • Low down payment, just 3.5%
  • Parent’s income and credit can help the child qualify
  • Flexible credit guidelines for first-time buyers
  • Owner-occupied rates (often lower than investment property loans)
  • Build equity instead of paying rent
  • Can be a stepping stone to future investment property ownership

This program can be a smarter long-term investment than dorm fees or high student-area rent.

Who qualifies?

You may be eligible for an FHA Kiddie Condo loan if:

– One borrower will occupy the home as their primary residence
– A parent or non-occupant co-borrower is willing to apply jointly
– The property is a 1–4 unit home, condo, or townhome
– Both borrowers can meet basic FHA credit and income guidelines
– The co-borrower is not required to live in the home

We’ll guide you through every step, from pre-approval to closing, and help structure the loan so that both parent and child benefit.

Whether your child is attending CU Boulder, DU, MSU Denver, or staying close to home, we can help you explore whether a Kiddie Condo loan makes sense for your family.

Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request a personalized quote. We’re here to help families across Colorado make smart home buying decisions.

*FHA guidelines current as of May 2025