Financing in Allegan County>Question Details

John Faulk, Other/Just Looking in Allegan County, MI

im low income on social security do i quality for a hud or fha loan

Asked by John Faulk, Allegan County, MI Sat Aug 20, 2011

Help the community by answering this question:


Not only is SSI considered as income, we lenders are allowed to gross up your income up to 125% of the gross. For example, if you receive $1000.00 per month you get credit for $1,250.00.

Best of Luck!
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0 votes Thank Flag Link Sat Aug 20, 2011
I understand that Social Security is treated just like other Income:

If you make enough, you will qualify.
0 votes Thank Flag Link Sat Aug 20, 2011
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