Purchasing home for/ with elderly parentAre there programs that would allow a mortgage on a second home to be considered owner occupied even if elderly mother lived there? Home is next door to us. Excellent credit. Offer price would be 140k to 145k. Can afford 10k to 14k down including closing. Mother could be on mortgage but not deed because she may have to go to assisted living in a few years. She could pay market rate rent while she was living there.July 18 2010 - Zillah0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.