Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Beacon Lending"


2 mentions found


To show proof of disability income, you'll need to provide some verification that you're currently receiving benefits and that they aren't set to expire within the next three years. Benefits of home loans for disabled individualsMany loan programs allow you to use disability income to qualify. Disabled individuals can use FHA loans, VA loans, USDA loans, and special programs from Fannie Mae and Freddie Mac. Yes, disability income is considered as part of your total income, which can help qualify for various home loan options. What are the benefits of FHA loans for disabled individuals?
Persons: Fannie Mae HomeReady, Freddie Mac, Fannie Mae, you'll, Brian Quigley, Quigley, you've Organizations: Federal Housing Administration, US Department of Agriculture, Social Security Disability Insurance, Social Security Administration, SSI, SSA, Department of Veterans Affairs, Beacon Lending, USDA, Social Security, Chevron Locations: Chevron
It's possible to buy a home when all or most of your income comes from disability benefits or insurance. In the eyes of a mortgage lender, disability income is basically viewed like any other income, with one exception that can work in your favor (more on that in a minute). How to qualify for a mortgage with disability incomeWhen using disability income to qualify for a mortgage, you'll go through the same process as any other borrower. The challenges of buying a house using disability benefitsIf you're only receiving short-term disability benefits, you'll likely have a harder time using that income to qualify for a mortgage. Beware of mortgage discriminationLenders can't refuse to consider disability benefits income, and they can't treat you differently because of your disability or your disability income.
Total: 2