Home Purchase Mortgage Calculators
Mortgage Program Calculators
As long as you qualify for the mortgage based on your financial profile (monthly income and debt) and credit score, you should be able to obtain a mortgage to buy-out your sisters and own the property outright. Please note that lender qualification requirements may be different depending on if the property is owner-occupied (you plan on living in the property) or non-owner occupied (you plan on renting the property). For example, some lenders require lower loan-to-value (LTV) ratios of 70% or less for non-owner occupied properties. Additionally, you will have to be able to take legal ownership of the property from your Mother's estate when the mortgage closes.