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New Social Security Recipient and Mortgage

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New Social Security Recipient and Mortgage

My husband is currently working and he will be retiring next month.  We will be using his Social Security benefits as partial income to qualify for a mortgage.  He has been approved for benefits and has received a Notice of Award letter.  Unfortunately the bank we have been working with requires proof of receipt of one month of benefits in order to use this income for approval--something they neglected to tell us when we initially applied.  This would make closing mid-January at the earliest  In the mean time, we've found our dream retirement home and we'd like to place a bid on it.

 

Is this a requirement of all banks/underwriters, or are some a little more flexible with this?  He has ample money in the bank to cover the interim mortgage payments.

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