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Does Owning a Home Disqualify Me From SSDI?

If I own a home, will that disqualify me from receiving Social Security Disability? No, that won’t affect your eligibility. That’s because SSDI benefits are not based on your income, assets, or your family’s overall financial status. If you meet the work and medical requirements, you can receive SSDI.

If you are approved for SSDI, you will need to report certain changes to the Social Security Administration to keep your benefit record up-to-date. For example, you don’t need to report owning or selling a home, but if you move to a new address or resume working, those changes should be reported.

Different Rules for Supplemental Security Income (SSI)

If you are considering applying for Supplemental Security Income (SSI), your reporting requirements are going to be different than if you were to apply for disability. That’s because the SSI program is very different than the disability program.

The SSA handles the SSI program, which is a needs-based program. Under SSI, a family’s overall income and resources are very relevant and if they exceed a certain threshold, they can disqualify a person.

Resources Do Count With SSI

What type of resources are counted for the SSI program? These include cash in bank accounts, personal assets, family assets, and anything that you own that could be liquidated to pay for food and shelter.

For those applying for SSI, a house that they own or live in is not usually counted toward their resource levels, however, if an applicant owns a home but rents it out, then it could be used as a resource and could bar the person from being eligible for SSI.

To learn more about SSDI and SSI, contact our firm to meet with a Dallas Social Security Disability attorney. We are glad to help!