If you can't meet THOSE TWO criteria then you don't need to be buyin nobody's house

You can get a FHA loan for 3.5% down payment
say you're going to buy a $70,000 house
that is $2,450
But you can get a first time homebuyers program to gift you $2,500 for the down payment
then you need closing costs
you can get the seller to pay up to 6% of mortgage amount ($4,200) towards those
closing on a $70,000 house might be like $3,500 (or 5% of transaction)

that $1,000 is basically "show money" because the bank want to see you have at least two nickels to rub together when you come sit at the closing table

the example I gave will work in THE SOUTH
atlanta to birmingham to jackson to baton rouge to houston
up to dallas this will work
plenty of $70,000 homes in regular neighborhoods




so, why can't ppl get a 600 credit score and save $1,000?

you talkin bout like a $500 month payment for that $70,000 house
so, you only need to make (i mean GROSS) like $1,500 a month or $18,000 per year to qualify for it
that assumes you have no other monthly obligations such as student loans or child support or car note payments