It looks like your income would support a purchase price of $161,000 if you're getting $700 per week for child support and depending on what your other monthly debts are.
Based on what you've said, your monthly income should be $4,233, right?
An FHA loan at 4% would give you a total estimated payment of $1,102 per month based on the following break down.
Principle & Interest = $754.71
Home owners insurance estimated at $60.00
Property Taxes estimated at $133.33
FHA monthly mortgage insurance at $154.12
TOTAL = $1,102 per month which is only 26% of your monthly income.
Steve Jenne (816-820-3451) or Jack Ronen (913-669-0250) Community America Credit Union
Jason Lentsch (913-253-0157) National Bank Of Kansas City
Jeff Kriebel (800) 226-6308 extension 31141 Quicken Loans
If you go FHA for example, your payment would be near $1200 with a 3.5% down payment. Does that seem like an affordable payment for you?
Please contact me so we can discuss this further and I can put you in touch with one or several reputable lenders. 816-665-4102