I am looking to buy a house. What am I in store for???

[BadCo]

I may have to just rethink the whole thing and look for a nice rental and not have to worry about repairs and shit. Besides does anybody ever really own a home? .

LMFAO I still refer to paying my mortgage as paying the rent.

 

[Drunkn247]

Nope it goes by county limits. It depends the max loan amount is 729,000. So there is a shot, totally depends on the county limit though. They will lend you money on 96.25% starting Jan 1, 2009...It used to be 97.75%.

 

[barelyworking]

How much home can you afford?

http://cgi.money.cnn.com/tools/houseafford/houseafford.html

I also live in Orange County. I think we still have a ways to go on the downside. Sit tight.

 

[vince562]

with that kind of credit you could get an FHA approved loan with only 3.5% down.

 

[Teddykgb]

Yes combining the two take home pays is ok. I'm giving very conservative advice but it's sound. There is no shame in buying a 50k house, having it paid off in 5-10 years and moving up to a 150k house and so on and so forth as you get richer.

hmmm let me guess...you're a hillbilly???