No one can render an opinion unless you contact a mortgage broker review your file. You would need 3.5% down payment or more.

Now is a great time purchase a home GOOD LUCK

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Lynn911

Hi Julie,

Absolutely!
My office Century 21 Astro is located in Cerritos and we can get you a Preapproval letter
today.
Please give me a call at (562) 304-3633 and we will begin your search.
"...A Good Name is Rather to be Chosen...'

Franklin Jacks
Century 21 Astro
(562) 304-3633
franklin.jacks@century21.com

An FHA mortgage sounds perfect for you. You can borrow up to 96.5% of the purchase price and also get a sellers assist. Interest rates are currently between 5.5%-6% (they change daily). Shop around for a qualified lender and compare rates and fees. Good luck.

Hi Julie.

It sounds like you should be able to purchase a home! I commend you for looking into the opportunities that abound in this market.

The first step for you should be to get approved by a lender so you know how much you can afford based on your income, credit and down payment. It sounds like you should qualify for a FHA loan.

I can get you started if you wish to see what you can qualify to purchase.

Please feel free to email or call me directly on my cell at 626-354-3813.

Sincerely,

Matt McClain
Axiom Real Estate / Axiom Lending Group
626-354-3813
socalrealtorforyou@yahoo.com

Julie,

There are other factors to consider. credit cards, school loans, car loans etc.

Our recommendation is to consult several loan specialists for their input. Be sure to request a "good faith estimate" from each. this is simply a written account of the programs and rates the agent quote to you.

Best wishes with your search
The Eckler team

Absolutely, Julie! You would be a great candidate for the first time home buyers programs and get in on the tax credit being offered. FHA loans would be perfect for you.
If you want more information contact me and I will give you some information about where to start.
I do not do loans. I sell real estate in Calaveras County, but I would be happy to give you some references.

Lisa Muetterties