I live in Colorado, just starting a new job where I will make a minimum of 68,500 (medical field so I will be able to increase my income to about 75,000 with extra hours). I’d REALLY like to buy a house, but with being a new graduate, I basically have very small for a down payment. I don’t know how much of a housing payment I can afford per month while still saving money, etc. No student loans need to be paid off, the government is doing that for me, and I have minor other monthly payments, no children, and I am single…
My question is, are there any downsides to an FHA loan?? Can someone give me a straight answer about how much of a mortgage I can afford, instead of these generic online calculators?? DON’T ANSWER WITH GENERIC ADVICE THAT I HAVE ALREADY FOUND ONLINE. I want to hear someone’s personal experience. Being a first time buyer, I don’t want to live beyond my means and become another casualty of the housing market…Thanks!
Tags:
calculators,
casualty,
FHA Calculator,
fha loan,
first time buyer,
generic advice,
housing market,
market thanks,
medical field,
mortgage,
new graduate,
personal experience,
reply,
saving money,
starting a new job,
straight answer,
student loans