SSI is a need-based program with strict asset limits (generally $2,000 for an individual or $3,000 for a couple). However, the Social Security Administration provides a "home exclusion" rule. The home you purchase and live in as your primary residence does not count toward your SSI asset limit, regardless of its value. However, accumulation of cash for a down payment could temporarily push you over the asset limit if not managed properly through specialized accounts like an ABLE account or a Special Needs Trust. 💡 Assistance Programs and Grants
The Department of Housing and Urban Development (HUD) has a Housing Choice Voucher (Section 8) homeownership program. In certain areas, you can use your monthly rental voucher to help pay a monthly mortgage instead. buying a home on social security
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. SSI is a need-based program with strict asset