Home Buying in 72433>Question Details

L. Rapert, Home Buyer in Pocahontas, AR

Does usda give home loans to people who receive social security as primary income?

Asked by L. Rapert, Pocahontas, AR Sun Sep 25, 2011

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Answers

4
Social Sevurity and Disability are viable income sources:

You need to find a good mortgage person to help you.

Good luck and may God bless
1 vote Thank Flag Link Mon Sep 26, 2011
Yeppers, get a copy of your awards letter from SSA, easy to document. You will need that when you apply for the loan so get it in advance, the key to a smooth loan application is being prepared.

USDA loans are somewhat a niche product, find a lender that has closed them in the past, you do not want to be the test case for a lender.
0 votes Thank Flag Link Mon Sep 26, 2011
Yes, you can use Social Security income to qualify for a USDA home loan.

Good luck with your purchase,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
http://www.ezAZloan.com

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, and service our loans, in-house, FHA (starting at a 580 score), 203k rehab loans, HomePath, VA, USDA, Jumbo, and Conventional. NMLS ID 263779 | AZ BK 359295
0 votes Thank Flag Link Mon Sep 26, 2011
I just helped someone with a USDA on social security. You just have to meet the credit score guidelines and income guidelines. You can find a list of lenders on USDA's Website!
0 votes Thank Flag Link Mon Sep 26, 2011
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