Possibly. the income source is not an issue. Still need to pull credit, make sure debt to income ratios are ok, and property sits in a USDA allowed area. I hope that helps.
Social Security is a valid income source to qualify for any house loan, including USDA loans. Of course many other factors going into a loan approval, so contact a local mortgage broker in your area for more assistance. I lend on USDA loans in MN, WI, IA, SD, and ND. Visit me at JoeMetzler.com, NMLS274132
If your monthly income is $2,500 combined, you will be better served by applying for a USDA Direct loan. The USDA direct loan comes with the option of USDA subsidizing the loan to make it more affordable for you. The USDA guaranteed version does not.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Great Plains Bank | jburke@gpbankTX.net | (877)228-9069 | NMLS# 787231 |
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