Keep in mind that home values in Wisconsin are greatly different than California. Have you had the opportunity to review homes in the Wisconsin market? We could start by reviewing some listings to see what your dollar will get you in Wisconsin compared to California.
Next, we would want to talk to a lender, as mortgage programs are changing on a daily basis, it would be best for us to get in touch with some good mortgage lenders to look at your financial picture to see what programs they have available for your scenario.
We then would work together to determine what you are looking for in a home and begin the home search process.

I am currently working with a buyer that is in a similar situation as yourself. This buyer (we will name him Bob) is retired and currently collecting social security. He has 20% to put down on a house and has gotten pre-approved to purchase a home. What area of Wisconsin are you looking to move to? Home valus like most places vary greatly from city to city.

You should be able to! Remember they look at your income and debts. Social Security Income should qualify. Take that and any other income you have and than divide that number by your monthly payments on any Credit Cards etc...and add your projected payment to that. If teh number is 30-40% than you are in great shape.

So a $2500 permonth income with modest debt should allow you to pay about $800 to $1000 in payment or about $100,000 for a property. From what I do know Wisconsin is a great value and that should buy you a decent place! Plus the Packers and Badgers are from there so you are in really great shape!

Hope that helps!
Best wishes;

Dirk Knudsen
"The Real Estate Doctor"