Profile picture for noraearhart

if i purchase a small home, and have my 20% down, can I qualify if social security is my income?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 03 2011 - Dearborn Heights
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (1)

Profile picture for the_country_hick
Social security is as good an income as any when applying for a mortgage. It simply has to be expected to continue indefinitely.

The only issues are your debt to income ratios and credit score. Then it comes down to what you can qualify for and what is really affordable for you each month.

"How to determine what you can safely afford to pay towards your monthly mortgage payment. Lenders may give a different number. "
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 03 2011
 
Related Questions
if i purchase a small home, and have my 20% down, can I qualify if social security is my income?
Profile picture for Dan
Latest answer by Dan
November 03 2011 | 1 answers
  • Asked by noraearhart
  • In Landlords
  • November 03 2011
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 26548 Hass St, Dearborn Heights, MI Home For Sale
    26548 Hass St, Dearborn Heights, MI 48127

     For Sale: $110,000

    • Beds: 3
    • Sqft: 1240
    • Baths: 1.5
    • Lot: 54
  2. 25745 Orchard Dr, Dearborn Heights, MI Home For Sale
    25745 Orchard Dr, Dearborn Heights, MI 48125

     For Sale: $94,500

    • Beds: 3
    • Sqft: 961
    • Baths: 1.0
    • Lot: 6969
  3. 8315 Riverdale St, Dearborn Heights, MI Home For Sale
    8315 Riverdale St, Dearborn Heights, MI 48127

     For Sale: $49,900

    • Beds: 3
    • Sqft: 1100
    • Baths: 1.0
    • Lot: 5662