I have 30k and have a 718 credit score, have worked at some employer for almost a year. I want to get started in real estate but at the moment I do not think my income is enough at 26k expected. The house I am looking at is a 70 thousand condo(est.1987) right down the street from a state school, and has 2 Br and 2 Ba with 1000 sq. mortgage is 600$ 15y and lowest 2 room in the area is 750 but averages 850$.
@Cole Domino There are various criteria lenders look for when making loans. Debt to income, etc. as well as credit scores. There are also different programs available in the various regions for help with Down Payment Assistance (usually administered through a local housing agency) , First Time Homebuyers, etc.
Find a local lender by talking to a real estate agent (try the listing agent on the condo), or doing a search. Call or go in to talk to them. Be honest and tell them that you're inexperienced and just trying to figure out what it takes to get a loan, what the criteria is, the process, etc. Most rokers/lenders, etc. are happy to help educate you. The agent with the condo listed would probably be a good place to start. Whether or not you get that specific property, it's a good way to learn. Good luck.
Thank you so much, the guy who is selling the property is the agent, i am not sure it that makes it complicated or anything but ill ask him.