Hello pixystix39, you will need to determine your qualifications as well as the value of the home to make a decision. A market value can be determined with the address with a CMA, comparative market analysis. Once you know your purchasing power and the value of the home you can decide what to do from there.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs. How much are you paying currently for rent, your qualifications and the address for a value will be the determining factors.
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
The purchase currently in 94044 zip code of Pacifica start at 525k for 2bd 2ba condo and 558k for 3bd 2ba single family home. It only takes a few dozen questions to qualify and go over your options and email you listings to study and compare the value or other properties of interest. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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Like the others, I suggest you taking a close look at your lease agreement. This is the agreement, and it should be notated specifically to be inforced. If you still have questions, you could request legal advise from a real estate attorney.....or you might just decide to move to a less stressful environment.
I sincerely hope all parties involved are able to find a comfortable resolution.... more