Best recommendation is to meet with a mortgage professional and discuss the total picture based upon credit, income, assets, employment etc. Just working with hypotheticals, assuming you have good credit history and no minimum payments on credit cards, car loans, student loans etc, you will most likely be able to get a single family house which can appraise for $275,000 with property taxes of around $3000 per year. The price of $275,000 must be inclusive of sellers concession towards closing costs and pre paid items of approximately $15,000. A scenario like this will translate to a monthly mortgage payment of about $2000.
Due to the complexity of a transaction like this I urge you to contact me for a sit down meeting so we can make it happen.
Sanjeev Ahuja, NMLS #148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Phone 917-517-2552
NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573)