If you have any further questions feel free to contact me
You can look throughout lowell properties by going to : http://www.virtualhomesmls.com/realestate/MA/Lowell
Our advice is for you to consider contacting several loan specialists for specific input on your personal situation. With only a 5% deposit your best route may be to ask about FHA loan information.
If you are employed, have a small deposit, and your credit is good you should be able to purchase a place in your price range.
Lots of things to consider! Your first step should be to find your self a Buyer Agent and ask for an introductory session to talk about the buying process. This will help with understanding the time-frame and costs involved, (down payment, inspection, insurance, etc.) Then the next step is to get a pre-approval from a reputable lender. Your agent can help you find one.
Then you'll be able to decide if this is the best move for you right now. You'll have to add in other costs besides your mortgage: condo fees, taxes, insurance, utilities.
Don't get me wrong, I think buying a home is a great investment, especially wiht the great buys out there right now, but I always try to determine if the timing is right for a particular buyer.
Good luck, and of course let me know if you'd like my help!
There aren't too many place on the market under $70,000 so your options will be slim but to get you started here is a link to every property for sale in lowell: