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    mrs19's Avatar
    mrs19 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 17, 2012, 08:30 AM
    Buying a house
    HI I'm 21 years old and I'm a part time student in college, I've been working in a hospiatal about 5 months I make 11.0/hr during the week n 13 on the weekends. I live at home I have a 200$ a month car payment and a 50$ dentsist payment a month. I'm currently looking for a second job as well. I want to buy a house I really have no credit. Not much in savings.is it possible for me to buy a home.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jun 17, 2012, 08:59 AM
    Its highly unlikely. First, we don't know what home prices are in your area. Second, you need to plan on at least 10% down payment. Probably more with no credit history.

    I suggest you wait until you finish school and, in the meantime try to save as much as you can towards a down payment.
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