Rentals in Connecticut>Question Details

cllpt86, Renter in Charlotte, NC

my wife and i are on ss we want to know if we can rent to own home also so on section 8

Asked by cllpt86, Charlotte, NC Sat Mar 23, 2013

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Section 8 is a lawful source of income, however, owning property will change your assett class, which may affect future Sect 8 payments. Usually lenders like to see monthly housing costs (PITI) being < 43% of your gross income. A personal, free mortgage preapproval from a FHA lender will provide the most productive answers
0 votes Thank Flag Link Sun Mar 24, 2013
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