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Can I buy a house for my kid and have them make the payments?

I won't be living in the house but I want to pay the deposit and fees and then they will make the monthly mortgage payments. Can i do that?

Asked by Anonymous | Stafford, TX| 10-28-2022| 1,015 views|Buying|Updated 3 years ago

Answers (3)

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Ryan EdwardsNovice4 Answers
Ryan Edwards

Keller Williams Realty · Fountain Valley, CA

(125 reviews)
More information needed and It depends on how you are buying the home, primary residence or investment property. You can also be a cosigner and/or gift funds to your kids and they purchase as their primary residence. Definitely talk to your lender about options and the best way to accomplish this purchase.
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11-10-2022 (3 years ago)··
Keith Jean PierreSemi-Pro66 Answers
Keith Jean Pierre

REMAX First Realty · East Brunswick, NJ

(151 reviews)
At face value of this question, yes, you can do this, we have done this hundreds of times for clients.
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04-09-2026 (3 days ago)··
Jess HiattNovice1 Answer
Jess Hiatt

HomeSmart One Real Estate · Bellingham, WA

(15 reviews)
Depends on your loan terms and requirements. You will want to check with them as some loans require it to be your primary residence for a specified period of time.
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11-10-2022 (3 years ago)··
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