Senior Mortgage Financing in Houston, Texas
Most lenders are not equipped to handle 55+ buyers. Their systems are built for W-2 employees, not retirees. The result: qualified senior buyers get turned down or offered the wrong loan.
Vanda Crossley is both your Realtor and your licensed Mortgage Loan Officer (NMLS 2167412), specializing in financing for 55+ buyers in Houston and across Texas.
How Senior Buyers Qualify Differently
Social Security Income
Social Security can be used as qualifying income — and lenders must use the gross amount (before Medicare deductions), not the net deposit. Many lenders miss this. A senior lending specialist gets it right.
Pension and Retirement Distributions
Regular distributions from pension plans and retirement accounts are qualifying income. Documentation requirements differ by loan type.
Asset Depletion / Dissipation
Fannie Mae and Freddie Mac allow lenders to calculate qualifying income by “depleting” liquid assets over the loan term. A senior buyer with $800,000 in a brokerage account may qualify for significantly more than they realize.
Investment and Rental Income
Rental income from investment properties and dividend income from investment accounts can supplement qualifying income.
Loan Types for 55+ Buyers in Texas
- Conventional (Fannie Mae/Freddie Mac) — Most common. Asset depletion calculations available.
- FHA — Lower down payment. Available to buyers of any age.
- VA — For veterans and surviving spouses. No down payment required.
- Bridge Loans — For buyers who need to purchase before their current home sells.
- Jumbo — For luxury 55+ purchases above conventional limits.
The One-Call Advantage
When you work with Vanda, the Realtor who finds your home and the Lender who finances it are the same person. You explain your situation once. No hand-offs. No gaps. One expert accountable for the entire transaction.
Get Your Free Senior Mortgage Assessment
Vanda will review your income picture and give you a real pre-approval number — not a guess.
Call: 281-944-5218 | Email: info@vandacrossley.com
NMLS 2167412 — Verify at nmlsconsumeraccess.org | Loan Factory | Equal Housing Opportunity