Home Buying in Lynbrook>Question Details

Neo1956, Home Buyer in Nassau County, NY

I recently retired and receive $3000/mth in disability pension. However, I have $140000 for a down payment.

Asked by Neo1956, Nassau County, NY Mon Aug 10, 2009

Can I get a mortgage? Looking in Lynbrook.

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Answers

3
Hi. What you'd want to do is meet face-to-face with a Loan Officer. You have a nice down payment. It's a matter of allowing a Loan Officer to review your income documentation, bank statements and credit to determine how much exactly you'll qualify for. It's impossible to tell if you'd qualify by only knowing monthly income and available down payment.

If you're in need of a good Loan Officer, feel free to contact me. Good luck!

Javier Meneses
NMLS #23130
Senior Loan Officer
Sterling National Bank
jmeneses@snb.com
(516) 606-9648
1 vote Thank Flag Link Sun Dec 23, 2012
Please feel free to give me a call at 646 201 0564. I can refer you to a mortgage professional who can assess your situation and get you qualified to purchase a home. Disability income can be used to purchase a home. Once you have an idea of how much your budget will be we can go view homes until you find the home of your dreams.
0 votes Thank Flag Link Wed Dec 19, 2012
The first question is - what are you looking to purchase ?
Something like a 1 bedroom apartment on up to a 3 to 4 br home
Your income and downpayment look like you coud support a small mortgage
but you would have to go to a mortgage banker or broker and have them check your credit
also before we can determine what you could purchase .I suggest you do this first , so
that you know how much you can afford
0 votes Thank Flag Link Wed Aug 12, 2009
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