I want to buy a house

[Arnaud]

I am a 25 years old female and want to get out of my parents home, I don’t want to waste money on rent but right now I have only $10,000, So here I am looking for your suggestion that where should I go for this? Hope you will help me.
Thanks in advance!

[Codythebest]

10K is a bit low these days. Go to see some "by owner" and ask for owner financing.

[J. Horgan Coldwell Banker]

There are a number of loan programs that can work with $10,000 or lower, depending on how much you need to borrow, what your condition your credit is in, and other circumstances. I can refer you to a mortgage lender in your area if you would like more specific info about what you qualify for.

Also, I can refer you to qualified buyer's agent that works in your area. Please contact me if I can be of any help.

[RobM]

10k may or may not be enough...depends on your area, the amount of the home, etc. Ask for closing costs by the buyer, look into First Time home buyer programs and see if your area has any type of grants that can be given to suplement your funds. It can be done with a knowledgeable real estate agent and talented mortgage broker.

[maat55]

If you don't buy the house the right way, you will throw money away in interest anyway. I would buy a house you can afford on a 15 year note. You need to have money for an emergency fund after you buy, so that doesn't leave you much to purchase with. Your payment needs to stay at no more than 25% of your take home pay. You can move up in house later when you build some equity and savings. Good luck.

[jcdykes]

I would recommend looking for properties that need a little TLC. Don't look at something that needs structural work but a Woman's touch. You could get a good deal that way.

You could also do a rent to own on a property. This is a way for you to get into a property with your 10K or less and not have to pay a lot in closing costs. You might be able to find a place to put down 5k and then use the other 5k for fix up. Paint, carpet, and some light fixtures or drapes could do a world of difference. You could call For Rent places and see if they would be willing to sell you the house with owner financing or on a land contract.

Good luck,
JCDykes
Western PA's home buying company

[brechtp]

FHA 203B or 203K my friend go get it. Call a local Wells Fargo Home Loan Center and ask about their 203 loans. All you will need is closing costs, also look up ameridream - if your credit isn't stellar forget everything I said, rent, and wait.

[nancyarora2020]

Well i do understand your problem.But would suggest you to go and consult some good real estate consultant who can understand your requirements and help you make the best deal.One of the well renowned consultant i would suggest you is Axiom Estates.They are professionals in their field and will help you to find a house .Suiting to your budget they have different deals.I would like you to suggest them as they ll be able to help you much better.

[jcdykes]

While talking to consultants might be helpful, the more people that you get involved in the buying process, the more people that you will need to pay at closing. If you can find a "real estate" attorney and a motivated seller or landlord, you can safely say that you could save about 10% to 13% of the cost of the house. Possibly more if you can get owner financing from the home owner.

Good luck with your search. I would be happy to help give you more pointed suggestions if I understood your full situation.

JCDykes
Western PA's home buying solution

[jayson333@msn.com]

There are quite a few programs available depending on where you are at. Many of the programs I know about are called "rural development" programs which are essentially an extended version of FHA. FHA is basically for first time home buyers or buyers with low credit ratings. The rural development programs are a way of getting people into areas of growth so the government can better the financial position of the area. Email me if you want to know more.

[tsteuwer]

I would check in to VA loans or some other type of loan like that, which requires the seller to pay your closing costs. This would help you in the end to buy something.

[bwiley]

See if you can qul for a unsecure line of credit - our 1st house we got approved for a 50K LOC and did not have to spend any money out of pocket - houselistedfree.com
I am a 25 years old female and want to get out of my parents home, I don’t want to waste money on rent but right now I have only $10,000, So here I am looking for your suggestion that where should I go for this? Hope you will help me.
Thanks in advance!

[manish123]

You can visit any real estate web portal and chose a property according to your need.

[Paso Dog]

First I would get some lender recommendations from a couple of different real estate agents in your area. A good lender will be happy to sit down with you and show you what you can do or what you need to do so you can reach your dream.

[rainier]

10k is really low,I suggest to earn more for you to be able to buy a house.

[bmc]

It's never too early or too late to buy real estate. You can start from small and maybe buy a condo first. Go to several local banks and talk to their loan officers about first-time home buyer programs. Many first-time home buyer programs allow the borrower to put only 5% as down payment and borrow 95% of loan to value. Ask the loan officer to issue you a pre-qualifying letter. Then start looking for properties at the price range you can afford. Good luck!

[Valentin Luboya]

Hello,
As Brechtp said, the most important thing for you, is to find a mortgage that is low, or a no money down for first time home buyers.

Most Realtor's will be very excited to spend your 10k, don't tell them anything. Go to a good Mortgage broker in your bank, or a place like Wells Fargo, then when they ask how much you have to put down tell them 5k, but also tell them it is money you would like to use for furniture, appliances etc. . This alerts them to the fact you need a low down payment mortgage.

I find that most Lenders will work extra hard for first time homebuyers, provided the pre-approval numbers are decent. These people like repeat customers, so the first time buyer can be a customer for life if they do their job right. The ones who give you the run around will not be in buisness for long, so stay away from them.

You could go look for a 'for sale by owner', but sometimes you pay more because of the lawyers, unnecessary costs due to inexperience (like paying for multiple appraisals, not doing enough due diligence and buying a lemon), or just buying too expensive of a home.

Good luck Arnaud.

Val

[nancyarora2020]

If I were an employee, I would certainly be thinking about retirement. Worrying about retirement and social security has become an increasing concern for many. The stock market, 401 K, insurance, and good old fashion savings are all means people take to secure their financial freedom when it comes to the 65 plus years. An ideal investment strategy is one that comes with low risks and high returns. Good old fashion savings will not give you high returns, and stock market games are not often associated with low risks. Investing in land is one that that comes with both low risks and high returns if you play your cards right and you do not need to be independently wealthy to get into this industry. Investing in land is one of the smartest things anyone can do to increase their net worth and financial freedom. Investors with small or large capitals are smart to invest in land for a variety of reasons. Land property is an investment that offers consistent returns that are safer than other investments, and always appreciate in value.Knowing how and when to act with land investments can be done with the aid of a realtor in the area you are interested in. Avoid fresher’s who might actually be able to get you the best deals, but will inspire lesser confidence. Realtors know land the way a banker knows money, and they will always work with you to ensure your dollar is maximized. Now is the time to start thinking about it. Do not get into land investment without doing deep homework.
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