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Old 08-18-2018, 08:56 PM  
Wild Coyote
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Member Since: Jun 2016
Location: USA
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Heart Re: Can you own property on SSD?

I do not think the fact that you receive SSDI per se will hamper your owning a home; however, you will need enough monthly income to "qualify" for your mortgage.

If you have enough monthly income (and any needed down payment) to "qualify," you can likely purchase a property. Remember that condos also have monthly condo fees and those figure into the monthly payment (in addition to the mortgage) when financing a condo.

In my state, we have a "Land Trust," which sells properties for less than their market value; yet, when you sell, you must share a portion of your home equity profits with the Land Trust. This makes homes more affordable to those needing affordable housing. You might be interested in whether your state has a similar program.

I hope your dream of owning works out for you!

May we each fully claim the courage to live from our hearts, to allow Love, Faith and Hope to enLighten our paths.
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