My suggestion is that before you travel down in March, do a little research on home prices vs. rental prices (and in various areas or neighborhoods that you might have interest in). For instance, is the price point you are interested in reasonable for the area.Then when you are down in Kissimme (I've be there ;-)), you can get local insight and opinion to couple with your research.
I hear you have a 4yr old boy and sounds like you'd like to settle into a new home. But I don't feel you have to rush to buy tomorrow to get a "good deal",especially if you have little money for a down payment. If you have less that 20% down payment available, all the money that you would have saved on low interest rate will be eaten up by PMI (Private Mortgage Insurance). Additionally, when relocating to a new city - it takes at least a year to really get a feel for your new city and it's communities and vibe. You don't want to buy a home that you are not going to want to be in for at least the next 5 years.
So in your scenario, depending on your down payment amount, I am an advocate for renting; but renting a place that is nice, but less than you can afford! Take that money you save while renting and build up your down payment nest egg for your dream house!
Best of Luck,
It will be difficult to find a 3/2 in in good shape for 85K. Maybe a townhome to start with is more likely. However there are more important matters. If you move without a transfer you may not be able to get a loan for two years. If you move with a transfer then it is possible. You will need a minimum of 3.5% of asking price for an FHA and will need about 3% extra for closing cost. There is also an alternative Zero down loan for people with good credit, but only certain locations qualify. Call me and I will explain all this. Tambien hablo espanol si lo prefieres.
La Rosa Realty of Kissimmee
HECTOR M. REYES
1395 SEMORAN Boulevard
CASSELBERRY, FL 32707
get a pre qualification and then call ir e mail and ai will show you what is available in your price range. If you do not like what you see then rent for a year and we can talk again.
I suggest that you contact a few mortgage lender to determine if you qualify for a loan and what that amount would be. I state a "few" lenders as some have more mortgage options to offer than others. They are the experts and can best answer your question.
Prudential Connecticut Realty
I would love to help you in Orlando. We currently have a few programs that might help you. Some only require 3.5% down. Please review my profile on Trulia and contact me or you can email me directly THoyt@prutropical.com. I can get you set up to receive an email with possible matches to help in your search as well.
I am sure your going to love FL and I hope I get the opportunity to help you.
Prudential Tropical Realty