Home Buying in Jena>Question Details

Michelleandj…, Home Buyer in Jena, LA

How can persons on disability go about buying a home in louisiana?

Asked by Michelleandjohn Wright, Jena, LA Wed Dec 18, 2013

I would like to purchase a home in jena louisiana

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There can be no different rules for anyone who receives disability, unless it is only temporary. If it is permanent, you cannot be discriminated against, the only criteria would be the same as anyone else. Your debt to income ratio must be acceptable and your credit score within the lenders acceptable range. This does not vary at all when dealing with long term mortgages. Debt-to-income ratio is a percentage of your monthly fixed payments divided by your monthly income. Different programs allow different percentages, so you may call a realtor, a mortgage broker or a local bank and inquire about credit score and debt to income requirements. Hope this helps....
0 votes Thank Flag Link Tue Oct 14, 2014
Phone contact a local agent in Jena, explain th the agent your situation, and you're on your way to buying a home.
0 votes Thank Flag Link Thu Dec 19, 2013
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