Buying A House For A Relative To Live In May 2026

How you hold the title determines what happens if someone passes away or if you decide to sell: Helping a family member buy a home - Merrill Lynch

Depending on your goals and the relative's financial situation, you can structure the purchase in several ways: buying a house for a relative to live in

: If the relative doesn't meet the "disabled child" or "elderly parent" criteria, you can buy the home as a second residence or investment property. How you hold the title determines what happens

: Usually requires a higher down payment (often 15–25%) and carries higher interest rates. buying a house for a relative to live in