Home Buying in Springfield>Question Details

redmonverna, Home Buyer in Oklahoma City, OK

I am wanting to buy a home in Oklahoma. I have excellent credit and a large down payment. I am on SS and then do private duty nursing but can not

Asked by redmonverna, Oklahoma City, OK Wed Dec 11, 2013

verify private duty income. Are thee lenders?

Help the community by answering this question:


For any type of mortgage program, income must be: stable, able to be verified, and likely to continue.

So it would appear as if you could use your social security income towards qualifying (assuming it will continue), but not the private duty income.

If you cannot qualify strictly off of SS income, then FHA financing will permit you to obtain a non-occupying co-borrower to help you get approved.

A non-occupying co-borrower is similar to a co-signer. Assuming their credit is good and their income is verifiable then you could also use their income to help you qualify.

You should speak to a lender to review your options.

Feel free to email me or call me if you would like assistance.

Tony Grech | Mortgage Loan Originator | NMLS 977416
PMAC Lending Services, Inc.
Toll-free (855) 642-4762 | Fax (248) 945-4842 | Direct (248) 728-0078
0 votes Thank Flag Link Wed Dec 11, 2013
You can qualify in social security and a large down payment helps.

Contact me through my profile. I know a great mortgage person in OK. It might be best to speak to someone local to you in ok.
0 votes Thank Flag Link Wed Dec 11, 2013
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