- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (4)
- Jim Stevenson, "therealtorguy"
- Contributions:1111
Go to your bank or credit union and talk with a loan officer. You have nothing to loose and it costs nothing. You have done an excellent job by saving $10,000 ... that is a huge accomplishment! It also sounds like you have little or no debt, so you would have a good debit to income ratio for a smaller mortgage.
Once you find out if/how much mortgage you qualify for, ask a realtor in Baker City what is available in your price range.
Good luck, you sound like very prudent people and deserve a nice home!
Once you find out if/how much mortgage you qualify for, ask a realtor in Baker City what is available in your price range.
Good luck, you sound like very prudent people and deserve a nice home!
- Corri Klebaum, "CorriKlebaum"
- Contributions:199
Look into the USDA Direct Loan Program for low income borrowers and also see if you qualify for any of the USDA Repair Grants available.
Best of Luck!
Best of Luck!
- William Metzker, "MrLiam"
- Contributions:210
Do what Ms. Klebaum says, but I think you need to be patient and increase your income.
A rule of thumb is to figure around 30% of your monthly income for housing. If you have a good credit score, you might be eligible right now for a mortgage around $45,000, figuring a 4.75% interest rate and 30-year term. But that might be adjusted for taxes, insurance and mortgage insurance. Different programs might alter this ratio a bit, but I don't think by a lot. It's best to ask a mortgage pro in the area where you want to buy.
If you could take time to build your income, you would be eligible for something pretty nice, especially with the savings you've done. Kudos to you for doing that.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
You might be able to buy a manufactured home in a park for around $10,000 or maybe less. Then your only housing payment would be your space rent. Contact some Realtors in Baker City. ... Great job saving!
Happy funding, Rudi
Happy funding, Rudi
What are our options?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.