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Can You Get Disability if you Own a House?

by | Jun 14, 2024 | SSD - Uncategorized |

Assets and income (even if it’s not from working) can have a drastic impact on a disability case, though that can depend a lot on what kind of case you’ve filed and what exactly those assets consist of.

Usually, if you own your home, your application for disability benefits can still go forward and you will not be denied on that basis alone.

However, the exact impact of home ownership depends a lot on whether you have a claim for Social Security Disability Insurance or Supplemental Security income.

SSD is an insurance program. Every time you get a paycheck and taxes are taken out by your employer, you put money into this program. The purpose of this is to provide you income in case something happens that prevent you from working.

Rules about assets are not very stringent when it comes to SSD. You can own a second home or third home or even a rental property and still receive SSD benefits. The primary concern is whether you are capable of working a full-time job despite your medical impairments.

On the other hand, SSI is a need-based no program and no past work is required to file an application for SSI benefits.

Because it’s need-based, Social Security is very strict about who qualifies. Just $2,000 in assets can prevent someone from receiving SSI, regardless of their medical condition.

Typically, if you own your home and live in it, this will not be included in the calculation. Other common assets, such as a vehicle and life insurance are also not included in this calculation.

However, if you have a rental property or a second property of some other kind, that can prevent you from qualifying for SSI.

But with many things in disability law, there are exceptions, so it’s always best to speak with a disability attorney about how assets and home ownership can impact your case.


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