If you are a veteran or active-duty service member receiving Social Security, you may qualify for a VA loan. These typically require 0% down and feature no monthly mortgage insurance.

Lenders generally require proof that your benefits will continue for at least three years from the date of your mortgage application.

Yes, you can absolutely buy a home while receiving Social Security benefits. Mortgage lenders legally recognize Social Security income as a stable, valid source of revenue for mortgage applications. Whether you are receiving retirement benefits, Social Security Disability Insurance (SSDI), or Supplemental Security Income (SSI), homeownership is a reachable goal with the right approach.

There are no asset limits for SSDI or retirement benefits. You can have money saved up for a down payment in a bank account without risking your monthly check.