First, congrats on completing the most important step - asking! Fear of the unknown and/or rejection probably keeps many people from owning their own home, simply because they are afraid to ask! What I suggest you do is start by talking to a reputable mortgage lender. If you have a good relationship with your bank or credit union, that's a great place to start. If you don't want to go that route, there are plenty of lenders who are more than willing to talk to you. I happen to know a couple excellent lenders in the Charleston/Mt. Pleasant area. (Shoot me a private email and I'll be glad to get you in touch with them). Talking to a lender doesn't cost a dime! What they'll do is ask you some questions about your income/outgo, credit history, work history, etc. They will probably pull your credit report. Don't be afraid! This is simply an information gathering meeting! After talking with you and discussing your goals, they can tell you if you qualify for a mortgage or not. If you qualify, make sure you undestand what the monthly payment will be (and make sure they understand what you're comfortable with). If not, no problem! You've already done more than most will do - ask! What they will do is give you a step-by-step plan that will get you to your goal - owning a home. At that point, you walk away with knowledge and a plan! That's way more than most people have! Good luck and contact me if you have any questions!
Please see my blog for tips and advice on how to get a mortgage