Why does our government allow FHA lenders to deny virtually all those on SSI ? - fha government
Why does our Government FHA lenders can debt, almost all SSI?
Whether you have thousands of down for a down payment, will be rejected.
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They can not even to Detroit, where you pay 3 grand down and pay $ 20 per month, it's not allow the poor capitialist in all good things go to hell Solf poor have nothing here, and sometimes it is better to die thus will not be **** d us here.
Monday, January 4, 2010
Fha Government Why Does Our Government Allow FHA Lenders To Deny Virtually All Those On SSI ?
2 comments:
They deny any person with only $ 1000 for a down payment. They are not discriminated against SSI. Everyone, SSI, you will need a deposit for a large mortgage.
The reason is that only if your income is SSI, and if you do not repay the loan, no bank can take them to court and obtain a verdict against him to pay. SSI payments are protected in the court's decision, and embargo. Moreover, as others have already noted, it is not a significant part of the SSI income.
The only practical way to buy a house with SSI as their main source of income is a major purchase in cash or in community with someone who has income from regular employment.
If your only income is SSI would be better to go to one of the apartments where the rent is based on income - will probably be cheaper than buying a house and pay all the costs associated with owning a home connected.
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