Family · Texas
Co-Borrower / Parent-Assisted in Texas
Helping your child buy their first Texas home — or asking a parent to help you? Co-borrower and gift-funds programs make it easy.
Common challenges we solve
- Child has limited income or credit
- Want to gift the down payment
- Parents don't want title liability long-term
What you get with Lumos
Non-occupant co-borrower programs
Gift funds for full down payment
Refi later to remove the parent from the loan
Loan programs that typically fit
Frequently asked
- Does the parent need to be on title?
- On FHA they go on the loan; you choose whether they're also on title.
- Can the gift cover everything?
- Yes — on most owner-occupied programs the entire down payment can be gifted.
