If you look at my other posts you will see that I always say "Dare to Dream". Especially in today's market. You are looking in an area where $40K will allow you to put 10% down. There is inventory in your price range. You have an excellent credit score, so lenders will be competing to get your business.
Recommendation: Find an excellent lender and get pre-approved for your loan. Find a great Realtor who will put your wants, needs and desires first. (Not necessarily in that order. A great Realtor might be able to hook you up with an excellent lender if you do not know one yourself.) With your team in place and a clear picture of how much home is comfortable for you, you are now ready to go out there and find the right home at the right price and let that great Realtor negotiate the right deal for you. You deserve to own a home. Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty
David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
Broker/Owner/State License Appraiser
Serving the areas of Orange County, Los Angeles County, San Bernardino, and Riverside.