Newbie wants to be an owner.
Everyone, I need some advice on buying my first property. I'm renting a 1 bedroon apartment in Sacramento, California that cost $970 per month. Next month, the rent will raise up to $1000; it's ridiculous. With this amount of money, I rather buy a house and pay as a loan payment. However, I don't have that much of money to pay the down payment. So I come up with these questions and you guys can help me out.
1) How do I qualify for the FHA loan?
2) I'm looking at a price range of $200,000 to $300,000 condo, How do I best finance this property? (my monthly payment can't exist $900 because I have to save money to pay property tax)
3) Any advises???