I noted that your inquiry seems to be at least partially about a home on Stowe, in Irvine.
This is a million dollar+ neighborhood.
I suspect that the information shown here in Trulia is confusing to you, because it talks about $75,000.
This is a meaningless number, so if you are, indeed, wondering about this, we can start the simplification necessary to make the process of owing your first home fun and exciting, instead of overwhelming, by ignoring this info altogether. :+)
I imagine that all of the answers you have received here may confuse the issue further.
The process really should proceed about the same as your initial consultation with a new doctor would proceed.
A skillful professional will interview YOU with insightful questions, instead of expecting you to interview THEM.
At the end of the interview, that professional will be in a position to guide you in the direction your own answers indicate.
THEN you can begin with all of the rest of the mechanics of becoming familiar with the segment of the market that meets your objectives, and becoming prepared to make a credible offer when you see the right home.
This is critical, because you need to be in "pounce" mode (especially in Irvine), since you may miss the right home for you if you are not knowledgeable enough to confidently "make your move" when the right opportunity arises.
It is not useful for me to guess about your financial circumstances, and this public forum is certainly not the place to discuss any of these things.
However, whether you are buying all-cash, or with the minimum down possible, my Buyer Cash-Back Program will be a welcome addition of thousands of dollars to your own funds, so that YOUR money goes into your equity, instead of being frittered away on escrow costs, loan costs, and the like.
Give me a call if you would like to discuss these matters further.
You will likely find it refreshing that I actually answer the phone when you call ;+): 949-278-1595