Submitted by homebuyeradvice t3_ywsq6k in personalfinance
Hello Reddit! Throwaway because I’m going through a rough separation at the moment (or trying to). I’m not going to disclose any specifics but I would GREATLY appreciate any input and advice because this is a brand new step for me.
Basically what I need to know is; with my single income of 46K a year what is doable for me if I want to purchase a 150-175K house next year in March or April? I will have about 12k saved up by that time and my credit score is average. I’m only in about 4,000 in debt.
What will I need money for specifically and how much? Down payment, closing costs, inspections, right? I have all furnishings so I don’t need extra money for that.
I’m trying really hard right now to get my child and I out of a bad situation so any help I’m so grateful for!
EDIT: Holy cow. Ok I just opened this. I’m on break at work. I’m going to take some time and read through these comments and reply. Thank you so much.