Posted on Aug 20, 2015
How can I qualify for a VA home loan if I am only receiving military disability pay?
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I have tried using my VA loan, tried going through USAA, tried private lenders, no matter what I have tried I am unable to get a home loan. My problem is my only income is military disability. Anyone have suggestions?
Housing
Moving
Loans
Disabled Veterans
Posted 9 y ago
Responses: 4
Getting a home loan with only having your military disability may be very difficult for lenders because even at 100% it is sometimes hard to make ends meet at the 40,000 a year mark or whatever the payments come out to. While I'm no lending officer or money management professional, the advice I would give you is talk to a finical planner. I started talking with one a few weeks ago and we are working on a plan to help me not only save for a new car but to do while putting money away for a rainy day. It hasn't been a fun or easy process but it helps. They may have tips on ways you can go about securing your home loan.
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SSgt Sarina Gordon-Singson
That is good advice, thank you. I am actually talking to someone this weekend.
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Just wanted to know if you were able to get all of your questions answered. I'm a licensed VA loan specialist and have used the VA loan 3 times myself. If you have any questions please feel free to email me. dj.leverton@veteransunited .com if I can't answer it I'm sure someone on my team can.
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SSgt Sarina Gordon-Singson
MAJ Ken Landgren - I tried USAA, it was the first time they could not help me. I think I need to sit down with someone because I have a lot of questions and am having difficulty finding answers. My husband has to endure a lot with my disabilities, when I get one of my migraines he is pretty much the only reason I get through it. We try to do 50/50, but there are some days when he is doing most of the household duties.
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SSgt Sarina Gordon-Singson
I do not but I will look into it. You are the second person who has mentioned this.
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MAJ Ken Landgren
You probably qualify for Caregiver and the concept is to pay someone to take care of a Veteran. Contact your VA caseworker. Apply for SSDI if you can't work. Just make a call to the SS office and make and appointment. Is the 70% vet considered unemployable?
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