I would be happy to help answer any questions. We are a local mortgage broker
Rick Otto and Associates - Real Estate Sales
And Property Management
Short answer is yes. You also need to save some funds for closing cost, loan fees , funding your impound accounts and reserve. Speak with a loan originator in person and they can help you figure out how much you need and what mortgage amount you are qualified for and if you will need a seller credit for closing costs.
I live and specialize (as a Realtor) in the 95822 area. There are some great loan programs you most likely qualify for & I know of some homes coming on the market soon that seem to fit your potential price range in this area. We can get started whenever you'd like...I look forward to hearing from you. Just call/text 916-798-0822 or email email@example.com. Looking forward to helping you purchase your first home!
Big Valley Mortgage
I can certainly help you out there. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.