Mortgage Lenders That Accept Benefits

Securing a mortgage to buy a home can be a daunting process, especially for individuals or families relying on government benefits as their primary source of income. In the past, it was challenging for people on benefits to find lenders willing to work with them, but times have changed. Nowadays, more mortgage lenders are recognizing the diverse financial circumstances of potential homeowners and are offering inclusive options for those who receive benefits. In this article, we’ll explore some mortgage lenders that accept benefits, making the dream of homeownership a reality for more people.

Understanding Mortgage Benefits Acceptance

In recent years, mortgage lenders have become more receptive to working with applicants who receive various types of benefits, including disability benefits, social security benefits, veterans’ benefits, and other government assistance programs. These lenders understand that benefits can be a stable and reliable source of income, which can be used to meet mortgage obligations. As a result, many of these lenders have adjusted their criteria to assess the applicant’s overall financial stability, rather than solely focusing on traditional employment income.

Top Mortgage Lenders Accepting Benefits

a. Quicken Loans

Quicken Loans, one of the largest mortgage lenders in the United States, is known for its flexible approach towards income verification. They consider government benefits, such as Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI), as acceptable sources of income when determining an applicant’s eligibility. Quicken Loans’ emphasis on technology-driven processes and personalized service makes it a popular choice for individuals looking for mortgage options that accommodate their unique financial situations.

b. New American Funding

New American Funding is another lender that demonstrates a willingness to work with individuals on benefits. They consider various government assistance programs as part of the borrower’s income when evaluating their ability to repay the loan. This lender’s commitment to serving diverse communities has earned them a reputation for inclusivity in the mortgage industry.

c. Churchill Mortgage

Churchill Mortgage is well-regarded for its customer-centric approach and commitment to helping individuals find affordable mortgage solutions. They have experience working with applicants receiving benefits and have developed tailored programs to suit their specific needs. Churchill Mortgage’s focus on education and financial literacy further empowers applicants to make informed decisions about homeownership.


USAA is a financial institution primarily serving members of the military and their families. They have a long-standing history of understanding the unique financial circumstances of service members, including those who receive veterans’ benefits. USAA considers these benefits as income when evaluating mortgage applications, making them a reliable option for veterans and their families.

Tips for Applicants on Benefits

While mortgage lenders accepting benefits provide an opportunity for homeownership, it is essential for applicants to be well-prepared before applying for a mortgage. Here are some tips to enhance your chances of success:

  •         Gather necessary documentation: Ensure you have all the required documents related to your benefits, income, and financial statements readily available.
  •         Check your credit score: A good credit score can improve your chances of qualifying for a mortgage. Review your credit report and address any inaccuracies.
  •         Calculate your debt-to-income ratio: Lenders assess your ability to repay a mortgage based on your debt-to-income ratio. Lowering your debts and managing your expenses can positively impact this ratio.
  •         Explore down payment assistance programs: Many states and local organizations offer down payment assistance programs that can reduce the upfront costs of buying a home.


The increasing number of mortgage lenders willing to work with applicants on benefits is a positive development in the housing market. These lenders understand that stable sources of income, such as government benefits, can support responsible homeownership. As a prospective homebuyer on benefits, it’s essential to research and compare various lenders to find the best fit for your financial needs. By being well-prepared and seeking guidance from experienced professionals, homeownership can become an attainable goal, turning the dream of owning a home into a reality.