Is the FHA kiddie condo loan enough to make college more affordable? Well, it can possibly help a little… but man, is it ever expensive to go to college these days.
Over time, the price of getting an education has went one direction – up. Everyone who has went to college knows that what it costs today to put your kids through college is quite a bit more than what it cost when you went.
And the longer ago that you went to college, the more it costs now relative to what it cost when you were there.
For parents who are sending their kids to ASU, I am currently working with more than one family who is using an FHA kiddie condo loan to buy a property near the new light rail.
Why?
Well, there are many reasons in each case, but one factor is that dorm costs are rising in Arizona – and yet, housing prices are more affordable than in recent memory. Will the FHA kiddie condo loan program be right for your situation?
It might be.