UGH I left out a very important item, I want to buy on a Land Contract and all realtors Ive spoken with say I need more down....if there are any realtors out there that could help please let me know. Thank You soooo much.,,(looking to move within 60 days)
With 5K down on an FHA loan you are looking at a purchase of up to 100K or so. At 100K you are looking at a monthly payment around $800 depending on your credit score. Can you get a 3bd 1.5ba on a basement for under 100K? Definitely. You need to talk with a good mortgage person and get pre-qualified. Call or e-mail me and I can provide you with a couple numbers of local lenders that you can talk to. i wouldn't even start looking at houses until you know what you can qualify for.
Please call me at 734-449-0546 or email me at Francinewillingham@yahoo.com. I will be more than happy to assist you with your search for properties. I can add your name to a free database and send you a list of homes. Thank you