yes...depending on how long it will continue and the amount. bob mcclure- mortgage now- farmington, michigan (248) 974-4444....i am licensed in your state....

no it is not possible to afford a nice home if you are on disability. even if you do get "help" with your downpayment, by the time you pay off the house, you will be dead. Or if you make it to live 150 then you will have paid for the house but you could have bought ten more houses like that with all the interest you will have paid the government. so think good thoughts but no, you really cant afford to live in a nice house when you are on a fixed income like that. well, i guess you can live in one, but you will never own it. and isnt that the point?

Disability income can qualify for a home purchase, and as Patrick points out because of its tax-free nature, can be grossed up giving a higher effective income. Typically, lenders want to see a commitment for at least 3 years on that income. "Permanent" is relative and really means an expected duration of 3 years or more. Rules do vary, though, so you'll have to check that with the lender.
As to "nice," that depends on the amount of the income. Debt to income rules as well as credit rating still come into play. So, if you have only $230 a month in disability, you won't qualify for much of a house, or if you have a 501 credit score, etc. You should discuss your situation with a loan officer and learn what you could qualify for.

Hi Gwen-

A bank wants to see "stable" income before it can be used to qualify. Disability income is considered "stable" income, only if it is permanent. Therefore if this is the case you may be able to qualify for a mortgage. Also, lenders allow you to "Gross" disability income up approx. 115%-125% for qualification purposes. These are general statements so please feel free to call me with any specific questions.

Thank you and have a great day.

Patrick Moore
(888) 216-0903

Good Morning Gwen..... the answer to your question is yes, however, it depends on your credit rating. Your best bet is to contact a loan officer in your area to find out whether you qualify for a home. There are also some "down payment assistance" programs available for those homebuyers that have good credit but are short on cash.