How do I get a mortgage w/ only social security income?

[7Sunset7]

I brought a home at age 69, did well and now have 50,000 equalty in 2 years. This is a good time to buy, but not for long. Go for it and don't listen to the unwise, judgemental and generally negative replies. You can do it! Remember the 65 to 85 group come from a fiscally responsible era!! That is what financial institutions are looking for nowadays. God Bless you and be fruitful for God want you to prosper...did he not do it for Job and Abraham in their old age?

[DoingMyReasearchMomma]

In the state of Arkansas they have a homestead option on property taxes for those above a certain age or 100% disability. It covers up to 350$ of property taxes. This may not seem like much but if you are looking at a home one can afford with SSDI or SSI then your options are more than likely in lower income or rural areas.

Speaking of rural areas, the government has a rural development loan program that is reasonable. Check it out as an option and keep ot in mind when searching for a reasonable lender. From what I understand (which means there is a large area of misunderstanding available to wallow in) loan rates are very low, down payments are also low, and this loan covers (depending on lender) the cost of escrow and insurances.

I am not an expert but have been trying to research this very thing for my family and I. I am a little fuzzy on areas of what the RDL allows and doesn't, but debt to income ratio plays a large part on approval of loans in any situation.