Sarasota, FL asked in Health Care Law, Public Benefits and Real Estate Law for Florida

Q: Are Medicaid recipients in FL allowed buy a home if lender approves loan without assets?

If yes to above, can someone else make the down payment without impacts to Medicaid eligibility?

1 Lawyer Answer
T. Augustus Claus
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A: In Florida, Medicaid recipients may be allowed to purchase a home if they obtain a mortgage loan without substantial assets, and this purchase typically does not automatically disqualify them from Medicaid eligibility. However, there are important considerations to keep in mind. The value of the home is a critical factor, as a primary residence is generally considered an exempt asset for Medicaid eligibility as long as the equity value does not exceed a certain limit. Additionally, owning a home and making mortgage payments can affect income, potentially impacting Medicaid's income eligibility thresholds.

If someone else, such as a family member, provides the down payment for the home, it is typically considered a gift or assistance and should not directly impact the Medicaid recipient's eligibility.

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