The first question is what is your credit score? If you score is low, the answer is NO. The banks will not give you money under any circumstances without a credit score of 640. As each month goes by the threshold for qualifiying gets higher. The next issue is a loan of $28,000 will carry with it higher fees than a larger loan. Banks consider this to be a nuisance account. They cannot make money on this small of a mortgage so they charge higher fees up front to insure a profit. The best thing for you to do if your credit doesn't warrent a loan from a bank is to find an owner who will finance a small amount like this. You will benefit financially by looking into owner financing. If you would like to know about some homes that I have as listings or any others that an owner is willing to finance, please feel free to contact me at 215-603-8484 or 610-260--4049.
Century 21 Alliance
Then, once you have checked for errors, determine if you have a 2 year salary and at least 3 lines of credit
The banks will loan you upto 0.45c of every dollar you make if you have good credit scores and a two year
verifiable salary history.
Otherwise may want to look at a hard money lender.
Without knowing your overall financials, credit, debt, etc., your question can't really be answered--therefore consider a visit to any local bank/qualified loan officer--after reviewing your overall finances, credit, debt, etc., he/she can make a determination as to qualification--then go from there.
I my mind there are two questions here. First can you afford the $28,000 mortgage and that will depend on your income, expenses, current debts, and your credit rating. This is information a loan officer could review and tell you what size loan you could qualify. The loan officer could also tell you what you may need to do to improve your credit, if it is not up to the current day requirements.
The other question that I see needs to be answered is that if your a first time buyer it is important that you educate your self on the processs. May cities and agencies are out there that do not charge anything that can help educate you. In addition if you hire a buyers agent, they can assist you in the process too. This is a very important process for first time buyers, so they can limit a costly mistake.