I’m 21 and live w/ my parents. I am in my 3rd yr of college and have a crappy job.
My credit score is 760.
I have $ 20,000 saved up, $ 10,000 of which I would feel comfortable spending on a 20% down payment, closing costs, and minor cosmetic home improvements.
I earn minimum $ 1,400 a month after taxes, $ 1,700 on a good month.
I have no debt.
I spend $ 300 a month on groceries, clothes, gas, entertainment, gifts, car upkeep, gifts, etc. I’ve done a very detailed Expense Analysis over the last few months to determine this.
My other bills (car insurance and cell bill) are $ 150 a month.
Otherwise I live very frugally (keep utility bills low, no cable…)
I am expecting many to say no, but honestly there is a house I want that is $ 35,000. It is outdated cosmetically but has newer roof, windows, water heater. It’s in a nice neighborhood of a VERY nice city. Her is the link so you don’t think it’s a shack…
I’m expecting my payment (principle interest, taxes, homeowner’s insurance) to be about $ 375.
Your opinion? Thanks 🙂