Home Buying in Conyers>Question Details

Marcie Whitl…, Renter in Conyers, GA

My children and I recieve Social security death benefits. Can I use their income to qualify for a small mortgage.?

Asked by Marcie Whitley, Conyers, GA Sun Jul 22, 2012

We recieve $2056 a month $514 individually. Im tired of renting and would like a yard for them. Is it possible for me to get approved for a loan of 35k or less with this income?

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Answers

2
You should be able to as long as they are under 15 years old. With Social Security income, you must have continued recript of it for at least 36+ months. To meet this requirement, they could not turn 18 before that time.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Mon Jan 21, 2013
yes you can:) I purchased my home with my social security. my agent said as long as you can show you will receive it long-term and/or permanently. a home buying seminar will also give you $14,900 toward your down-payment. hope this helps:) you will save a lot of money also. I was paying $800 renting, but buying, my payment is $356.78
0 votes Thank Flag Link Wed Aug 22, 2012
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