Results 1 to 9 of 9
  1. #1
    Join Date
    Oct 2019
    Posts
    1

    Question Mortgage Help While on SSI

    My wife was just approved for SSI- we were hoping for SSDI but that was denied. I am currently caring for her full time due to her poor health. It looks like she should get the full amount of SSI which is like $770 I believe. Unfortunately, our mortgage payment is a bit more than that, not to mention other living expenses. I know if we get assistance paying anything it will count against that amount. A family member floated the idea of paying off the remainder on the mortgage for us- is that even possible without losing benefits? For example, if someone paid off the balance of our house directly to the mortgage company and we reported it to SSI appropriately would that just end all benefits? Or is there some permissible way to accomplish that? She hasn't even received her first payment yet, but we are brainstorming any way to make this work.

  2. #2
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Mortgage Help While on SSI

    It won't end benefits but I believe it will result in a 1/3 reduction (plus $20) for the year in which any such "help" is made. You're payment would decrease $277 for a year. You had best confirm this with the SSA.

    https://www.ssa.gov/agency/contact/

  3. #3
    Join Date
    Jan 2009
    Location
    California
    Posts
    1,045

    Default Re: Mortgage Help While on SSI

    The 1/3 reduction, also called in-kind support and maintenance or ISM, would apply in any month that a third party paid a part of your food or shelter bill. So a gift of payoff of your mortgage would be ISM in the month the mortgage is paid off. If you were still owners the following month, then there would be no more ISM. So that is a good idea, if you can convince a family member to give you such a gift and get nothing in return. Very generous.

  4. #4
    Join Date
    Jun 2014
    Posts
    3,212

    Default Re: Mortgage Help While on SSI

    Be sure the family member makes the payment directly to the mortgage company. If they give the money directly to you. It will count as income the month it is given to you. Unearned income is deducted dollar for dollar from monthly SSI benefits.

  5. #5
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Mortgage Help While on SSI

    I'm someone certain that paying off the mortgage would result in the reduction for a year. Large chunks like that would be annualized. But they'll still come out way ahead.

  6. #6
    Join Date
    Jan 2009
    Location
    California
    Posts
    1,045

    Default Re: Mortgage Help While on SSI

    I'm someone certain that paying off the mortgage would result in the reduction for a year.

    Nope. Yes that may be a logical conclusion, but like spending down a large chunk of money does not get annualized. It is a monthly determination. In-kind income is charged in the month received.

    https://secure.ssa.gov/poms.nsf/lnx/0500835350

  7. #7
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Mortgage Help While on SSI

    Quote Quoting Findingtree
    View Post
    My wife was just approved for SSI- we were hoping for SSDI but that was denied.

    Look into hiring a social security attorney and re-apply. Might take about two years but if approved, the benefits are retroactive.

  8. #8
    Join Date
    Jun 2014
    Posts
    3,212

    Default Re: Mortgage Help While on SSI

    Quote Quoting adjusterjack
    View Post
    Look into hiring a social security attorney and re-apply. Might take about two years but if approved, the benefits are retroactive.

    The medical requirements are the same for SSDI and SSI. When a claimant is,approved for SSI and denied SSDI. They do not have enough work credits for SSDI. A attorney cannot change their number of work credits.

  9. #9
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Mortgage Help While on SSI

    Quote Quoting Mercy&Grace
    View Post
    The medical requirements are the same for SSDI and SSI. When a claimant is,approved for SSI and denied SSDI. They do not have enough work credits for SSDI. A attorney cannot change their number of work credits.
    I agree. Someone has to have 40 work credits to qualify for any kind of SSDI...even if its only a very small amount that ends up supplemented with SSI. No attorney can do anything to increase someone's work credits.

    1. Sponsored Links
       

Similar Threads

  1. Mortgages: Can a Mortgage Lender Refuse to Allow You To Assume a Deceased Parent's Mortgage
    By lawfacts in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 03-03-2017, 02:12 PM
  2. Recording Title: How to Get Mortgage Company to Remove Duplicate Mortgage from Recorder's Office
    By Holly H in forum Real Estate Ownership and Title
    Replies: 2
    Last Post: 06-16-2016, 09:28 AM
  3. Mortgages: Should a Mortgage Provider Provide Customers with a Mortgage Amortization Schedule
    By John_smith92 in forum Buying, Selling and Conveying Real Estate
    Replies: 9
    Last Post: 01-03-2016, 07:50 AM
  4. Estate Assets and Debts: How to Proceed with Probate Without Having Mortgage Loan to Pay Off Reverse Mortgage
    By paklein58 in forum Estate Planning, Administration and Probate
    Replies: 1
    Last Post: 02-11-2011, 11:52 AM
 
 
Sponsored Links

Legal Help, Information and Resources