I'm not seriously considering it, but just wondering.
I make roughly 30K a year (i'm single, no kids). I do have college loan debt of 16K. My credit is "fair"
I figure with the plethora of foreclosures and homes on the market, that I might qualify for a low-income, first-time buyer program (if such exists). I heard that first-time buyers are really needed to shake this housing market rut.
I don't know how much I can put down on a house, maybe about 5K?
Or has the practices really tightened up that they stay away from people like me?
Of course, I mean a real small house (in the 100K's or less) or even one of those manufactuared homes.
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