David’s Tale

David got never really thought about to buy a property, figuring one particularly ambitions was indeed impossible for somebody bringing Societal Protection Impairment Insurance (SSDI). This all changed on the day as he attended a house-to shop for working area on an area blindness organization.

“They already been speaking of all of these apps and strategies to order a property and you can my ears perked up,” he says. “We never ever believe somebody way of life toward handicap gurus you can expect to ever individual their unique put, it most stuck my personal attention.”

David become doing a bit of research about how homeownership you will connect with their benefits. It did not take long getting him to find you to owning a beneficial family wouldn’t apply to his SSDI benefits after all, while the there’s absolutely no resource restriction for all of us toward SSDI. The tough part is discovering the bucks so you’re able to make an advance payment into a house.

Very David started considering individuals homeownership applications for those who have lower income. The loan for truck drivers right one he located is actually called one Innovation Account (IDA) program. It had been a combined offers system one to aided people spend less to find its basic residential property. He imagine they sounded too good to be real – monthly he may conserve $100 from their SSDI benefits matter in his IDA. The brand new nonprofit powering the applying will give a 2:step one fits. One to designed you to for each and every $a hundred David placed, the brand new nonprofit would assist him giving a supplementary $2 hundred if it showed up for you personally to create their downpayment! Read more