Can i buy a home if i make 30 thousand a year?

buy home
?..0.?x.? asked:


We pay $1200 in rent including utilities. Is it possible for us to buy a home with fair credit on the west coast?
Thank You.

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One Comment

  1. Alterfemego
    Posted October 18, 2008 at 4:36 pm | Permalink

    Not necessarily. Income and debt weight heavy against each other in financing. What you need to do is talk with different lenders to learn what financing programs and options they have and allow them to take into account your whole financial picture including debts. Taking the right steps at the correct time in real estate will save you from making a serious financial mistake. And use a Realtor. They have the experience with the market, the expertise to advise you, and knowledge of how transactions work and the best part for you the buyer is all of that experience and knowledge is FREE!