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Buying a home


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A person who owns a home and lives in that home can be eligible for SSI benefits. This is because the home you live in is not a "countable" asset.

http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/104

http://www.ssa.gov/ssi/text-resources-ussi.htm

However, this seems to be case for those folks who begin SSI after already owning a home. It may be difficult for folks to build up a down payment for a new home without exceeding the $2,000/$3,000 in cash which SSI allows.

It may be possible for a relative to gift the down payment, but I would proceed with caution in this area.


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Not affiliated with the US Social Security Administration