S
SamanthaB LOVES PEPSI!!
Guest
I have been trying to research it online but there are so many kinds of loans and everything I dont know where to begin. Also I dont really understand most of the things I have read. I am a first time prospective home buyer, and want to get a nice home because I have a baby on the way. Someone told me that getting a loan and paying to buy a home was a much better idea than renting because that is just a waste of money. I have found a house I am completely sold on and HAVE to have. I love this house and I don't care how hard I would have to work to get it and keep it, I would do it. The only deal is I don't have any credit or assets to speak of. I figure I could get a cosigner and help with down payments or closing costs from family but I am confused about what this would entail. I am a 23 year old soon to be single mother in the state of Texas, but the father of my baby and I are living together presently but are not planning on getting married any time soon. Something I read about an FHA loan seemed promising. A friend of mine in the same situation got approved for a loan for an $85,000 house and the one i want is only $65,000. Someone please help me or explain this stuff to me! What should I do and what likelihood is there that I could get this house?