In general, most conventional mortgages require 10 to 25 percent of the purchase price as a down payment. There are exceptions, however, that may decrease down payments to around 3 percent for first-time home buyers, or increase them to 30 to 35 percent for credit-challenged borrowers.
The Initial Claim. Social Security advises that it may take up to 180 days to issue a decision on a Social Security Disability Insurance (SSDI or SSD) or SSI claim. That being said, the average length of time it typically takes to receive a decision on your disability claim is from three to five months. It can vary depending on several factors, but primarily on:
Each level of the process takes time and there is no guarantee that you will be approved on your first claim. Average decision waits at each level. For instance, it takes anywhere from thirty to ninety days to get a decision on your initial disability claim. If your initial disability application is denied, you must appeal your denial by filing a request for reconsideration appeal. Your reconsideration appeal takes about sixty days to receive a decision.