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Posted on: 27th Aug, 2007 03:47 pm
i am disabled i draw with my husband 1,35.00 a month,,we need a home loan to help us out. my home is paid for
apraise at 48,000.00 i gave 35,000.00
in 2001
Sorry to hear about your physical condition Carnley.

How much loan are you looking for? Please give some more details about your income & any monthly debt payments you may have.
Posted on: 27th Aug, 2007 04:14 pm
"i am disabled i draw with my husband 1,35.00 a month,,we need a home loan to help us out. my home is paid for
apraise at 48,000.00 i gave 35,000.00
in 2001"

Lender would be asking for more information Carnley. You will be asked about the kind of monthly income, loan amount, credit history, debt to income ratio...
Posted on: 27th Aug, 2007 05:27 pm
Hi Carnley,

Nowadays there are many loan products available for people with disabilities. The Fannie Mae provides loans for low and middle income disabled families to purchase their own homes.

And if you are old aged, you can also get a loan from the Veteran Affairs Department of the U.S.
Posted on: 27th Aug, 2007 08:15 pm
I suggest you explore a FHA loan as they allow for the gross up of disability income by as much as 125%.

P.S. To Other Poster: The VA is set up from veterans and not the elderly.

Regards,

Scott Miller
Posted on: 28th Aug, 2007 05:02 pm
hi carnley,

i m really upset after hearing your condition .if you dont mind can u give us some more information on what do you want from us exactly .i understand that u need a loan but you must provide your present condition .

lender will surely need all your details as one of the member answered above.

i would be pleased to help you if you give us a little details about yourself.

i hope you wouldnt mind
Posted on: 28th Aug, 2007 11:54 pm
Hi Carnley,

I'm not aware of your credit score or the state where you reside. Anyway, you can look out for loans offered by our community lenders.

The community lenders offer different types of loans to those having high, low as well as moderate income. If you can send us your Request for Mortgage Quotes, then we will be able to pass it on to the lenders. The lenders will try to match their profiles with your loan requirements and if it matches, then they shall contact you asap.

Good luck :)
Posted on: 29th Aug, 2007 04:22 am
Look into a reverse mortgage to create cashflow since your mortgage is paid off.
Posted on: 01st Sep, 2007 08:48 pm
what is "gross up of disability income" Scott?
Posted on: 04th Sep, 2007 05:03 pm
Posted on: 04th Sep, 2007 05:39 pm
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