The income TYPE is not a concern, it is the debt to income ratio that is critical, as well as the ability to pay a mortgage, taxes and insurance out of your monthly income and you credit score. The best bet is to check with your local banker for a prequalification of mortgage ablity and then look for a home to meet the price range you can afford.
So, the short answer is YES, we REALTORS do work with Social Security Income as long as your credit and income support the purchase.
Would love to sit down with you and explain the process so it is smooth and as stress free as possible.
That's a good question! You should work directly with an agent who can help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
No the actual price is now $365,000.
It is really a lovely home.
Please contact me if you would like to see it or would like any real estate assistance.
BH&G/The Masiello Group
Brattleboro, Vt. 05301
802-257-1111 x 19... more
I don't see where one of the rentals is a state welfare office. I have talked to the listing agent and driven by the property for one of my customers and have not seen or heard mention of an office in the building. One of the apartments may be used for Section 8 housing and may show up on some other database somewhere that way, but all the indications that I have are that it is a simple 2 unit apartment building.
According to the listing agent, the owner pays the heat as the utilities have not been broken out yet. That is one reason that the property makes a great owner occupied investment property. This is a good opportunity for first-time home buyers to be able to get more house for less money with the rental income of the other unit.
The zoning is listed as Multiple Residential by the listing office. This does not allow for commercial use unless you were to get a conditional use permit. At that point, there are a number of possible commercial applications.
I would be happy to discuss the possibilities or schedule a time for you to see the property, give me a call.