Ok so to all of you people out there that think it is impossible to purchase a home, you are wrong!!! Renting is great for investor purposes...not great for consumers! Today interest rates are so low you can more than likely pay less a month on purchasing a home rather than paying someone else's mortgage. And this is due to the interest rates being so low. Think about it....most of the homes that are being rented out need at least the monthly mtg paid and most of those payments are based on a 6.5 to 7 percent interest rate. What most renters dont want to have to worry about is their down payment. Well we have solutions, several lending institutions have bond money that can be used for down payments. So check that off your list.
Next obstacle, credit issues....there are so many low cost companies out there that will help you with your credit. Many of them have can fix as soon as 30-45days, depending on your credit elvauation. Here is the most important factor....the more dedicated and up front and honest with your situation, the easier it is to help get you into that home as an owner rather than a renter.
So contact a realtor today, chances are they have built relationships with many of the people in the business to help you on your quest for a new home. And don't forget now is the time to buy, but you must be under contract before April 30th and close on home by June 30th in order to benefit from $8,000 tax credit.