New FHA and Fannie Mae programs make it easier for extended families to purchase multigenerational homes with lower down payments and combined income qualification.
Available Programs
- FHA multigenerational housing: 3.5% down, 2 separate living units
- Fannie Mae HomeReady: 3% down, boarder income counts
- ADU financing: add in-law suite with renovation loan
- Combined income qualification for multiple generations
18% of homebuyers now purchase multigenerational homes, up from 11% in 2020. Shared housing reduces per-person costs by 30-50% while providing built-in childcare and elder care.
