Hi Hector are you still interested in 2498 Buenaventura in Wasco? That property is still for sale asking price is $234,900k 5 bed- 4 bath built in 2007. Seller is willing to pay up to 3% towards your closing costs if you use their perferred lender. Please feel free to contact me any time with any questions @ 661-240-0161
If you can put your first months mortgage payment down then you have enough. If it is a $100,000 home with an FHA loan the total payment would be around $700 per month. If you close at the end of any given month you will not have a payment the following month. i.e. close March(anyday) and first payment is due by May 1, and not late until May 15. If you are used to paying $700 rent you would give your landlord 30 day notice in the month you plabn to close and use the next months rent for your down payment.. It is risky buying a home if you don't have atleast one payment in reserves because wheta if you have a bad month and cant make the payment? From the lenders perspective, they don't want to loan huge amounts of money to someone who doesn't have stake in the game or some reserves, but that doesn't mean you still won't qualify or get into the home with little or no money down. Call me and we can discuss how to get in with little down with USDA loans or down payment assistant loans.
Mark R. Barrett
DRE LICENSE #: 01438387
NMLS #: 279056