I do not believe it is realistic to think you can purchase a home to live in for three thousand dollars in Philadelphia.
If you are seeking a home to rent and that is your monthly budgeted amount you should `call a local Realtor in the community in which you are seeking to live. Should you need a referral to a reputable rental agent please feel free to email me privately and I will provide you with an array of choices.
Coldwell Banker Preferred
if its the former...a house fha at $35k with maximum seller assist...perhaps...the 35k sale price is really going to limit where you live...so i hope youre really open to location
if its the latter i would suggest the model section at toys r us
You absolutely can buy a home with $2000-3000. It would limit your price range as FHA requires 3.5% of the purchase price as a buyers minimum investment. If you are a veteran-you can buy a home at almost any price with that amount of investment provided you qualify for the monthly payment, etc.
Further, depending on you income, etc. there are programs that offer closing cost grants and possibly discounted interest rates if you are a first time home buyer (or have not owned a home for 3 years).
So, the bottom line if go to an experienced Realtor and go over your situation and financials and he/she can guide you to the program that is best for you.
I would be happy to assist.
Bob Weiss, ABR, CRS,GRI
Coldwell Banker Hearthside Realtors
I would have to evaluate your goals in order to make a comment. No one on this site knows your financial situation therefore it would be difficult to answer your question.
Please visit my site to calculate your monthly payments: http://www.eRealtyFind.com/mortgagecalc.asp
Each client gets evaluated individually.
Realty Mark Cityscape
267 738 0886
Carol McCann, Remax Millenium