How do lenders look on pensions & Sociial Security?

Asked by B_schiller, Orlando, FL Tue Jan 22, 2013

Spose and I have about 5k in monthly benefits. Not subject to lay offs or other disruptions. How do lenders treat this type of income?

This question was asked from this property:… target="_blank" rel="nofollow">…

Help the community by answering this question:

+ web reference
Web reference:


Heidi M. De…, Home Seller, Florida
Wed Jan 23, 2013
You will not have a problem. Lenders like this knid of income,
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Wed Jan 23, 2013
This can be income that we can what we call "Grossed Up" which can help you to qualify depending of how you've been filling taxes prior.

Below are some of the best programs from A to Z available, including the all new Stated Income Alt Loans for Self Employed borrowers

After reviewing these programs below, please email me at with the ones you'd like more info about:

1) 100% LTV- VA - pay off debt at closing on a purchases too!

2) 100% LTV- USDA - 12 mo. into Chapter 13 BK…OK Too!

3) 99% LTV- FHA

4) 97% LTV- NEW- No PMI -No FHA 1.75% MIP Fee!

5) 95% LTV- NEW-No PMI!

6) 95% LTV- NEW-CONDO Loan

7) 90% LTV- NEW-No PMI -2nd Home

8) 90% LTV- New-Jumbo w/cc

9) 85% LTV- NEW- No PMI to Super Jumbo

10) 80% LTV- Rental Property

Stated Income Alt Loan programs

11) 80% LTV- to Super Jumbo

12) 80% LTV- FIX n’ FLIP Invest. Prop. – No min. credit!

13) 75% LTV-to Mega Jumbo

14) 75% LTV- Foreign Nationals-to Super Jumbo

15) 75% CLTV-after Short Sale, BK, Foreclosure to Super Jumbo

16) 70% LTV- Hard Money to Jumbo

17) Lot Loans / Land Loans Too!
0 votes
Antonio Vega…, Agent, Saint Cloud, FL
Tue Jan 22, 2013
They love it, is seen as gold. You have a very good argument to get a loan approved. I would suggest you shop around several lenders since they will want to work with you and give you a good rate....assuming you also have good credit history.
0 votes
Abraham Bidh…, Agent, Orlando, FL
Tue Jan 22, 2013
Hi There:

The love that sort of guaranteed income. I have a really good lender that I can reffer to you. If you would like, please email me so I can pass on your info to him.

By the way, if you would also like to conduct your own search from a single source that has the entire inventory of homes for sale in Central Florida, you are more than welcome to use our website: This website basically contains the same data base that all the agents use to search for homes. There, you can also set-up "Property Alerts" which automatically sends you an email the minute any property that matches your criteria comes on the market.

Have a fantastic day & I look forward to hearing from you.

Abraham Bidhendi
Top Producer Realtor® with over 25 years of experience
Awarded as the TOP Buyer side Transactions for the State of Florida
We have had 165 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
0 votes
Mark LeMenag…, Agent, Lake Nona Orlando, FL
Tue Jan 22, 2013
As noted, they love it. Guaranteed income for them.
0 votes
Marge Bennett, Agent, Fort Myers, FL
Tue Jan 22, 2013
In two words, they see guaranteed income. They like it.
0 votes
Kate Paris, Agent, Ocala, FL
Tue Jan 22, 2013

I have several lenders who are easy to work with and provide excellent serviceto their clients. Your pension and social securtiy are verifiable incomes, which means lenders will not have a problem with them. The home you are looking at already has a contract on it, but they may be accepting back up offers. I would be happy to help you with your home search. Please feel free to contact me either through email or telephone and I will provide you with the lender information.

Best wishes,
Kate Paris, Realtor
Charles Rutenberg Realty
1900 Summit Tower Blvd.
Suite 220
Orlando, FL 32810
0 votes
Jennifer Bar…, Agent, Winter Park, FL
Tue Jan 22, 2013
HI B_Schiller

If you are retired then your income is your social security and the pensions. Also you something to consider is your credit. If your credit is good then you should have no problems getting a loan. I work with several lenders that could help you. If your relocating to FL I have some great information I can send over to you as well. There are a lot of great things going on in our market. Take a minute to look at my profile to see if you would like to work with me. Feel free to email or call directly.

Jennifer Barker
Exit Realty Central ( search my website)
0 votes
Carl Head, Agent, Orlando, FL
Tue Jan 22, 2013
Hi B_schiller,

They will view this favorably, as any type of stable income, especially since it’s verifiable.

The home you inquired on has a contract already, but they may consider “back up” offers.

Or, I can work to help you find something similar in the area.

I hope this is helpful.

Please feel free to contact me directly


Carl Head
Realty Center-Orlando
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more