Hello kmcfaria21, yes you may consider FHA 3.5% down from a minimum 580 fico score. You may use foster parent income to qualify for a mortgage.
Do you have 3.5% down and closing costs or do you need down payment and closing cost assistance programs? You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
How much are you paying in rent and what is the maximum payment you are looking to achieve? How many bedrooms are you looking for? The purchase in Menifee start from 150-185k for 3bd 2ba single family home.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience