Few questions from a first time buyerHello everybody. It seems like there is a lot of helpful people in this section so i am hazarding a couple of questions. Since finding the right girl i have been thinking about buying us a first house. It looks like in our area (Los Angeles...hollywood, west la, silverlake, echo park, downtown etc) minimum prices for something that would meet the lifestyle we are used to would be 480k-600k. Now the questions and info,...our credits are not so great: about 670. (i have hired a specialist to dispute some elements in the credit reports but that can also take months). My income is around 100k a year. Sometimes more (130-150) and sometimes less (80k-90k) depending on how lazy i am :) ...i am a freelance artist. Since i never thought i would buy a house in LA before i never really cared too much about the credit or saving,..so for the moment i have about 50k saved to go for a downpayment. Is this doable? Or should i get to work, save 100k (it might take a bit), fix my credit and then see?....i would like not to as i would have to sign other leases at pretty much the same amount as a mortgage monthly payment. Is FHA something to be looked at? Or do only a few lenders offer that? I am also a teacher if that helps any Thank you in advance for all help BestOctober 20 2011 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.