I recently spoke with someone at Ditech get a home loan for FHA, the man I spoke to said that you 2000-3000 dollars in the bank and debt 100% free to get one for an FHA loan. Is this true? I never heard it that way. Has anyone had any experience with a first time home buyer and a single mother wanted to buy a house? I want to buy a house instead of renting my life away. If anyone has information, please let me know. Thank you.