I want to purchase a home in the miami 33145 area, but Im a single mom and dont have alot of $. I do have a decent job with FED. My credit is 680.

Asked by Belkys, 33145 Sun Nov 28, 2010

I want a house no more than 100k to be able to afford. I will be paying off all my debts by feb 2011 and will be able to save at least 10 to 15k by jul no later than Oct/2011. Will this be enough?

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Web reference:


Elliott Ster…, Agent, miami beach, FL
Thu Apr 23, 2015
Please visit http://www.VaFha.Net The site list only Fha and Va approved homes! So whether you are looking for condos, houses, multi-family or townhouses they are listed there. You will be able to find what you looking for fairly easily and quickly. Let us know how your search went.

Web Reference:  http://vafha.net
0 votes
Jorge Nunez, Agent, Miami, FL
Tue Apr 7, 2015
Hello if you have not bought a house, best thing to do is to talk to a mortgage broker. Guidelines change often and they have all the correct info.

I have a few that I work with, let me know if interested. Thanks
0 votes
I own a house in the 33145 zip code as well
Flag Tue Apr 7, 2015
Jennifer Fer…, Agent, Miami, FL
Wed Mar 26, 2014
Hello Belkys,

Did you purchase your house already?

I am an expert in the 33145 area. If you need any help, please contact me.

Thank you and Good Luck!
0 votes
Juan Sanchez, Agent, Coral Gables, FL
Fri Sep 14, 2012
First, speak with a mortgage broker and get pre-qualified. This will give you an idea of what you can afford.

A mortgage broker will also be able to help you find a loan product that is right for you. You may also want to visit http://www.HUD.gov, and then click on 'BUY A HOME' on the left column towards the middle of the page. Also visit http://www.FHA.com for info on their loan programs.

If you have any other question, you may contact me at 786.302.0351 or email me at juan@insideMIAMIrealestate.com.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Wed Dec 8, 2010
Without your overall finances--In order to determine how much to save, etc., do consult with any qualified loan officer(s), after reviewing your overall financials, he/she can determine qualification, the type of loan, the amount needed for downpayment, etc.; then go from there.
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Dec 8, 2010
You need confer with mortgage broker who can review your financial files. However now and Oct -2011 many factors can change but it appears require 3.5% or more as downpayment.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes
Johanna Bass…, Agent, Miami, FL
Wed Dec 8, 2010
Hi Belkys,
Lenders are giving a lot of help to first homeowners right now, a house rather than a condo will be a better option because some houses allow you to get FHA loans that require less downpayments than conventional loans. Contact me when you are ready to start looking.

Good Luck!
0 votes
, ,
Sun Nov 28, 2010
Dear Belkys:
That amount would be more than enough to buy and pay for closing costs on a $100K house. But it will depend on the condition of the property that will determine if you need to use some of that money for repairs, You may not need that much and so you might be able to buy sooner than Oct 2011. When you are ready to be pre-approved I would be happy to provide that for you as well as the proper guidance and a trusted agent in your area. Or if you just have some questions give me a call for free advice.

Jose Morales
Florida Mortgage Coach
0 votes
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