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Possible to buy a house while on Workmans Comp?

I have been on Workmans Comp for about 7-8 months with a back injury. I am currently collecting $2900 a month from that. I have awesome credit score of 780. I also have $10,000 for a down payment. Im looking to buy a house in the range of 190k-225k. Is it possible to buy a house or do i have to be back to work for a certain amount of time?
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October 17 2013 - Town of Marshfield
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You may need to have someone on the loan who is employed and that can show current and future income.
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October 23 2013
One of my clients did pull it off.  He also had his wife on the loan. 
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October 23 2013
I had a client who did and they almost pulled the funding at the last minute. He had to get a copy of a law that stated he would be able to get his job back if he got better or be able to get a pension if not.
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October 22 2013
Some lenders would be willing to use that as income as long as there's proof that it is long-term. Also, it helps that you have a high credit score and savings for a down payment. It seems that you may be able to qualify for a loan like an FHA mortgage. This only requires 3.5% down along with closing costs which should be covered by your savings. Either way, I recommend you speak to a lender like myself who would be glad to help you get the loan that you need. So if you have any other questions or need a loan, please contact me through the information on my profile page. I hope this helps and good luck!
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October 17 2013
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Its possible but most lenders would need to feel comfortable that your income will continue for at least 3 years. Might be hard to get a doctor to write a letter confirming this. Once you are back to work, you will be fine. Would only need to show a pay stub or two by closing.

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October 17 2013
 
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