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Can Disability be counted as income for a mortgage loan?

by maurice_feder313 from Athens, Georgia. May 22nd 2014 Reply


Kim Jones (KimJonesHomeLoans)
#74 ranked lender in Georgia - 21 contributions

Yes - it sure can! Let me know if I can help you!Warm regards,Kim Jones-ZweigSenior Mortgage BankerFidelity Bank Mortgage3490 Piedmont Road, Suite 750Atlanta, GA 30305p: 678.468.4046 | f: 678.829.0612e: kim.jones@lionbank.comw: www.kimdjones.comCLICK TO Apply Here!NMLS# 545217FIND ME ON FACEBOOK: https://www.facebook.com/#!/KimJonesHomeLoans

May 22nd 2014
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Tina Duncan (tinaduncan)
#26 ranked lender in Georgia - 3 contributions

yes when properly documented please apply so we can work on your preapproval application link www.tinaduncan.com

May 22nd 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#76 ranked lender in Florida - 2,240 contributions

Yes if it is permanent disability. it can also be grossed up 125%

May 22nd 2014
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Mike Silkworth (msilkw_195_870)
#30 ranked lender in Michigan - 527 contributions

Yes it can. The trick however, is that you need to prove continuance for at least 3 years. Some disability benefits have to be renewed annually, so this could cause you some grief. If yours renews annually don't give up however. If you can prove that your disability isn't going to get better and that's the condition of continuance you will likely be OK. Do yourself a favor and find a Loan Officer that has worked with a borrower like this before - it is a tough case to make.

May 22nd 2014
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