Buying a house is a big step. It's great that you are responsible and have managed your credit wisely. Talking to a Lender will help you with understanding how much home you can afford, what your out of pocket expenses will be and what your monthly payments will be, based on the home you actually end up buying. Depending on where you are planning on living, there are still some no money down programs, but I wouldn't count on that being the case. More than likely you will want to use an FHA type loan. FHA requires 3 1/2 % as a downpayment and then there are closing costs. As an example, if oyu were to purchase a home for $100,000, you would need $3500 for a downpayment and then closing costs. The closing costs on a purchase like this could be as little as $3000 or as much as $4500 or even more depending on variables that a good lender will fill you in on.
There is so much more that goes into buying a home, then just how much it will cost. For more helpful information, please visit our website. We offer FREE industry reports for Buyers like yourself.
Also, for more insight and financial planning on your part, I would recommend that you visit http://www.daveramsey.com.
He is a very good financial planner and advisor.
I hope this helps.