Ask Larry

Is It True That You Can't Buy Another Home If You're On Disability?

My husband and i are home owners, we want to sell and buy another home, is it true if you are on disability you cant buy another home?

Hi. No, that's not true. Selling your home and/or buying a new one wouldn't have any effect at all on any type of Social Security benefit, including disability benefits. Social Security does administer a needs based program called Supplemental Security Income (SSI), and selling or buying home can potentially affect those benefits. But, I assume that's not what you're referring to.

Best, Jerry

Posted: 
Apr 5 2021 - 10:53am
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