There are different types of social security income such as retirement, disability and survivor benefits. Lenders look at each of these types differently when purchasing a home. Have questions? Contact me and I’ll explain how a lender can use their income to qualify for a new home.
Related Article Title: FHA – Verifying Continuation of Survivor Benefits- If a borrower’s Social Security Survivor Benefits Letter does not state an expiration date, what date do we use? Answer: FHA does not specifically address Social Security Survivor Benefits in their guidelines. They do direct lenders to assume continuation of SS benefits in cases of SS […]