What area are you looking in and it depends on the interest rate whether you should buy right now. I wouldn't buy with a interest rate more that 7% in today's market. You can get an FHA loan with 3.5% down if that house qualifies for that loan and it also depends on the bank you go to, how much income you make a year and how long you have been on that job and also your credit score number. Hope this helps, good luck. Nancy Lambrix (Edward Surovell Realtors--Monroe, Michigan (734) 735-8684 - Wed Jun 24 2009, 08:25