Hi,
Young woman in her twenties here. My significant other (in his thirties) and I live in Jacksonville, FL and want to get house. Was wondering whether you think it's possible for us to get a house in the $150-200k range, and what kind of downpayment is available.
My significant other has owned a house before but I haven't. Can I still qualify for FHA or first time home owners? Is it possible to only spend $10k on downpayment/closing?
More info:
-Both of us have credit scores in mid-to-upper 600s
-Both of us have lower income jobs but make a combined of about 50k a year. We have no gaps in employment and have worked at the same places for several years.
-I was an egg donor multiple times and have 40k saved in stocks, 10k in savings, and he's got about 10k in savings too.
-We have no credit card debt, no car payments (paid off), no student loans, no debt at all.
-Currently we pay a LOT in rent (live by the beach), so a house would save us a lot of money.
-I hopefully will be increasing my income in the next several years
-I don't want to pay more than 10k on a downpayment.
What do you think? I know nothing about any of this.
EDIT:
More questions-- could I qualify for the FHA loan with a downpayment of 3.5-5%?
And how much do you think closing costs would be after the downpayment?
I don't mind the monthly PMI as long as the downpayment is less...
Submitted August 02, 2017 at 08:18AM by christineinjax http://ift.tt/2f7U2yf
