As a 1st Time Homebuyer, you are in luck. There are many programs out there to assist you in buying your first home and qualifying for the payment. If you are looking to buy in Long Beach, there are some really great deals on homes here, and some great programs to help you qualify. I am a Board Certified Down Payment Assistance Specialist and work with many 1st Time Homebuyers. Let's talk (you can contact me through my profile) and I can help point you in the right direction to get you into your first home on your time table.
Now is a great time to find a great home at a great price and negotiate a great deal. Dare to Dream!
Real Estate Consultant
(and long time resident & lover of Long Beach)
RE/MAX Palos Verdes Realty
Not more than about 35% of your income should go to your mortagage payment. Not more than 40% should go to your total debt. For example if you are making 100K only 35K should be use to pay your mortagage. That is less than $3000/month which is about $400K home.
Prudential California Realty