After years of hard work, many retirees move to Arizona to enjoy the sunshine and the best years of their life.  When it comes to buying a home, retirees have many questions regarding what mortgage options they have available to them.  Jeremy and The HOUSE Team specialize in helping retirees find the perfect mortgage option.


The biggest difference is that typically there is no source of traditional income to use in order to qualify for a new mortgage and that is okay!  There are many sources of income that retirees may use in order to qualify for a new home loan in opens in a new windowSun Lakes, Sun City, Mesa or any one of the many amazing retirement communities the Phoenix area has to offer.  Income from the following sources can be used to qualify for a mortgage:

  • Social Security Income
  • Pension Income
  • Military Disability
  • Military Retirement
  • Dividends and Interest
  • Rental Property Income
  • Farm Income
  • ….and more

Our team will work with you to figure out what your “effective income” is and how much of a home loan you qualify for.  In addition to the sources listed above, The HOUSE Team offers a special home loan tailor-made for AZ retired home buyers.  We call it our ASSETS AS INCOME MORTGAGE.


Many retirees have a large retirement/asset base but no real steady source of income that can be documented.  If you fall into this category you may be a perfect candidate for our ASSETS AS INCOME MORTGAGE.   This home loan allows The HOUSE Team to give our retired clients credit for income based on the amount of money.

A borrower using the ASSETS AS INCOME MORTGAGE will need to set up a distribution out of their existing retirement account.  We can then use that dollar amount as qualifying income as long as the following criteria are met:

  • We document that 2 distributions have been made prior to our loan closing (exceptions can be made for only 1 distribution being made)
  • The borrower is 100% retired and living off their assets at the time of the loan closing
  • The asset account has enough funds in it to equal the distribution amount take x’s 36 (we can only give the borrower credit for 70% of the total asset balance)

The HOUSE Team can help you close your loan on time and without surprises.  We also make house calls to help make the process as easy as possible for you and your family.  Please call us today to find out how we can help – 602.435.2149

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