I am looking at purchasing my first new home. I live in Seatte, where the costs are just skyrocketing for any decent house in the area, even beyond the city. There are a few areas I have identified that currently have decent inventory around what I believe my price point is. I am not looking at purchasing just yet (still saving a little more and I have been told I am about to get a raise at work, so if that goes through, then these numbers could go a little higher; no, my income below does not factor this in).
Basically, I’m just tired of paying $ 2,100/month for a small apartment and just wasting away while the market gets worse and worse around me.
I am looking at putting 3.5%-5.0% down and using an FHA loan. Here are my stats: