Recent college graduate considering first buy in central coast

[Andrew Hamilton]

Hello everyone,

Just wanted to introduce myself I'm a long time lurker first time poster. After listening to the podcasts and browsing the forums for a few months I can say I've definitely been bitten by the real estate bug.

After graduating college with an accounting degree I'm currently working a good job earning about 80k per year with minimal expenses. Ive saved about 35k for a down payment within a few months and found a home in central coast that is asking around 350k with estimated average rent of 1950. My mortgage would end up being around 1775 with my down payment. Looking at these numbers it really seems too good to be true. The numbers add up to me it just seems too good considering this would be my first buy. Can anyone else give some insight as to their first purchase? How did you pull the trigger on what would be easily the largest purchase of my life for a 25 year old.

Also does anyone have any insight as to what would be more beneficial to use for a first time home loan? I am eligible for both VA and FHA.