Diabled person qualify for refinance

Hi David,

My goes out to your son. Hope the Lord Almighty gives him the strength to bear the pain...

With a low income, it will be difficult for your son to qualify for a refinance. The lender will check his income before approving him for a refinance. Nevertheless, you and your son should contact his current loan servicer and explain his financial hardship to him. The lender may offer some options to him.

Thanks,

Jerry

There are many governmental and private organizations that provide help to people with disability, you can start by doing a search for mortgage help for disabled homeowners on google.

There is also some old, but useful information at MortgageRelief.US

David, your son's best option is likely to be with FHA. If his current lender is an authorized FHA lender, they can provide specifics on what might be plausible. One of the other reasons I'd bring up FHA is that cosigners are allowed on their loans. If he simply won't qualify for any programs on his own, due to his reduced income, then the possibility exists that you (or someone else in the family) might be able to cosign for him. That, of course, depends on you, your credit, etc.

I think it's a good idea to speak with the current lender to see if any relief exists that they're aware of, but also to speak with others who might be more cognizant of other programs that might be of assistance.