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I had a client bring up a very good question to me the other day. They were applying for a mortgage loan on a home, and they wondered if someone relying on disability payments could use those to purchase a new home.
The short answer is yes, you can use those payments to purchase a home. You won’t be discriminated against, but you do need an award letter from your payment provider. This letter needs to guarantee that you will continue receiving these payments for at least three years.
I recommend that you call a mortgage broker if you are trying to purchase in this way. There are a few more details that they can tell you about. If you need a good lender in Miami, please don’t hesitate to contact me!