How much can I afford on a New House/Condo? (first time buyer)?
October 13, 2007
James G asked:
Hello everyone,
Hello everyone,
I am really interested in buying a house soon (or a condo if I can’t afford a house). I am not married, I have no dependents, I currently have a 690 FICO score, no debts, first time buyer, and I make 36,000 a year. Also, I don’t have any cash for a down payment.
What kind of loans are available to me? What is the max I can spend? Any suggestions/tips would be greatly appreciated!
Also, I live in Central California if that helps!
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.