Posted on 10/15/2013 2:30:30 AM PDT by jodyel
Wondering if anyone knows about home loan/mortgage programs geared to the disabled, and if anyone has ever gotten one based strictly on disability income.
Thanks for any/all info!
Ping
I don’t know anything about specific programs for the disabled, but if your monthly SSDI check is enough to cover the mortgage and your other expenses, you shouldn’t have any more problems qualifying for a mortgage than a person with earned income.
I’m sorry you’ve found it necessary to apply for disability.
I’m puzzled though by this post, and many others on FR who find it necessary to openly discuss their application and/or qualification for entitlement programs.
It’s part of the normalization of government dependency. While I’m in the camp that dependency on government programs in at least some instances is nothing to be ashamed of, it is also nothing one should be willing to openly discuss.
A conservative approach to dependency would be to keep it to yourself, get off of it as soon as possible and do not talk about it as if it were “normal”. Dependency is not “normal”.
You appear to be planning for a long future of dependency on entitlement programs. I’m sorry for you, and for an America where this becomes something one can post randomly on an erstwhile conservative website.
We are truly lost, if this is our “new normal”
I do mortgage lending for a living. Disability income can be used as long as it can be verified.
Well, some of us are permanently disabled and that is nothing to be ashamed of.
SS disability is also not an entitlement program. The money I receive is what I paid into the system all my working life, starting at the age of 15 and working 35 years before becoming disabled.
Perhaps a little research into the subject before you comment on it would be helpful.
And since I am sure there is more than one disabled person here, the input from fellow members could prove invaluable.
So please stop thinking that everyone who does not work is a freeloader and doesn’t want to work. Your attitude does not serve you well.
Thanks very much, Heart!
Can it be used as the only and primary source of income?
“Well, some of us are permanently disabled and that is nothing to be ashamed of.”
Obviously you are not ashamed. That was my point - not that you should be ashamed, but that you should be less eager to advertise your dependency.
The problem for taxpayers like me is that a good many of you on disability are not permanently disabled, if disabled at all, and that, too, in the new definition of “conservative” we live in is nothing to be ashamed of either.
What is deserving of my pity, and I do pity you, is your long-term planning for dependency, so much so that you are quite publicly inquiring as to how to purchase a house with you new entitlement revenue stream.
“So please stop thinking that everyone who does not work is a freeloader and doesn’t want to work. Your attitude does not serve you well.”
I won’t let you characterize the discussion incorrectly. You may or may not be a freeloader, I simply do not know. But you are definitely an entitlement state dependent. If the government did not send you a check, you would be destitute, correct?
That is sad, and it used to be nothing to crow about.
Do you have a link to the house plans? It’s really adorable. (Hubby and I are planning our retirement house. We want to build something that’s handicapped accessible, small, easy to maintain, etc.)
That is cute!
I think jodyel was looking for information from the freepers, not crowing about and advertising his condition. I understand and share your frustration though.
12 years on SSD through no fault of my own. People wonder what that FICA tax was but paid it happily. SSD IS NOT an entitlement. People go running off without the facts. Sheesh. GL to you...I just refinanced my HELC and locked it into a HEL and all my income was pension and SSD. As long as your debt to income ratio works for the bank, you’re in.
What is that all about??? If someone, through no fault of their own, becomes disabled why should they then be ashamed or not want to openly discuss? Sure there are abuses of the system but to arbitrarily apply some personal bias is rather tacky. I had polio when I was two years old and knew many others. While I was fortunate enough to have had the ability to build and run my own businesses all my life and not have to ever take assistance I know many who did not have that ability.
Your statement was cold hearted and certainly not well thought out with what little information available.
Oh ya think?? Still here you are making assumptions and accusations.
Yes can be only source of income assuming it is enough to keep the debt ratios where they need to be.
For SS income (f that is what we are talking about); you would need your SS award letter. Also would need 2 months of bank statements to show the receipt of it.
Same thing if it is a VA disability income award.
Wow, you are a piece of work!
Amazing that I am trying to become self-sufficient and buy my own home so that I do not have to depend on anyone other than myself and what I receive in benefits. Even that is not good enough for people like you.
What would you have the permanently disabled do since they cannot work again? And why do you think I am in an entitlement program when I worked for 35 years and paid into this program for disability or retirement.
I am not receiving welfare, nor food stamps, nor anything else. Just what I paid in and what I would have received had I retired instead. Will you be giving up your SS retirement payments when you retire? No, I didn’t think so.
So shut up and sit down if you have nothing helpful to contribute to my question. I don’t need you or your pity.
I don’t, Marie. I found the picture online and really like it.
But here is the builder I was going to buy from if I could get the loan.
http://www.diamondparkhomes.com/Gallery.php
I was told base price was $21,000 and could go as high as $60,000 with customization.
There are some mass producers like Athens Homes and others but I really liked these at Diamond. They do not mass produce and can build the whole thing to your specifications. Seemed the perfect thing for one person (me) and also small enough for me to care for being disabled.
“Amazing that I am trying to become self-sufficient and buy my own home so that I do not have to depend on anyone other than myself and what I receive in benefits. Even that is not good enough for people like you.”
You will never be self-sufficient without the government entitlement check. That is the problem x 9 million people and counting.
“So shut up and sit down if you have nothing helpful to contribute to my question. I don’t need you or your pity.”
I pity you for your willing dependence on a government entitlement check. You’ve got it whether you need it or not, along with the 9 million others who are on disability - some legit, some not so legit.
http://www.diamondparkhomes.com/Gallery.php
Link to the gallery for the inside of the home I hope to get built.
The pic I posted I found on the Internet and is not associated with this builder, but I am sure they could do something like this.
Looks very nice on the concrete base with the carport. And the extra storage building in back. Normally, they just bring it to the land and leave it on the wheels but I’d prefer something more permanent. So grabbed the image when I saw it for future reference.
Glad you like it!
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