Home Buying in Waterloo>Question Details

jwbkmk2015, Home Buyer in Independence, IA

Is getting a mortgage possible for very low income, disabled individuals?

Asked by jwbkmk2015, Independence, IA Tue Mar 11, 2014

I am on disability income and work p/t. $13,000 yearly. I would like the mortgage in my name but will be splitting the costs. Would it be possible to get a $75-80,000 loan if the person who intends to live with me, consigns?
Other details: I have no credit but am working towards building it. She has low to bad credit which she is working to fix. We hope to buy in 17 months.

Also, would a Fannie Mae homechoice loan be my best possibility?

Help the community by answering this question:


I agree with Keith, another good thing to consider is how to go about rebuilding your credit.
You can google companies that will assist you to help you do that.
0 votes Thank Flag Link Fri Jul 11, 2014
I would suggest speaking to a mortgage professional to determine what is possible. Best of luck.
0 votes Thank Flag Link Thu Mar 13, 2014
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