I applaud your efforts in trying to create a stable living environment for your children. I have 2 daughters and there isn't much I would do for them. With that said, I think there are a few things you need to do. First, you need to get in touch with a good mortgage broker in the area who is willing to help. At your income level it will be very difficult to qualify for a mortgage. In my area you would be priced out of everything. To find a good mortgage broker you may want to talk to a local Realtor for a recommendation. Explain your situation. You may find a newer agent who is also looking to get started and needs the experience as much as you want a home. Get qualified first. I think you may have to look at a multi-family and use rental income to help with qualification. This will probably be your best bet. You probably won't get a whole lot of answers here due to your income level and many agents will automatically think it's impossible for you to buy a home.
Good luck. You may have a difficult road ahead to find a home, but unless you make the effort you never know. I've helped many people over the years who've had difficulties financially, but who ended up buying a home.
Donald A Mituzas
Licensed Associate Broker
There are some bank programs available the first step is talk with your case worker so you can get started in the program I know that one bank is Citizens Bank and the person I deal with is Mike Garcia.
Philip J. Cunningham
V.I.P. Realty Corporation
7942 Bustleton Ave4
215-725-5700 X49... more