Buying A Home On Social Security May 2026

Backed by the Federal Housing Administration, these loans require as little as 3.5% down and are highly forgiving of lower credit scores or limited credit histories.

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.

For those looking to buy in designated rural and some suburban areas, the U.S. Department of Agriculture offers 100% financing (0% down) for low-to-moderate-income buyers.

Groups like Habitat for Humanity or local community land trusts frequently assist individuals on fixed incomes to secure safe, affordable housing. Exceptions to SSI income and resource limits | SSA

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.

You do not need a traditional 20% down payment to purchase a home. Several government-backed loan programs feature low down payment requirements and flexible credit guidelines: