my finace and daughter ( plus 1 on the way) are looking for a steady home. my credit isn’t so good right now, and i can’t afford to pay it off because my apartment’s rent continues to go up every year. ive been looking at mortgage calculators that say some of the homes in my area are less then 80,000 and are at a estimated monthly payment i can afford. am just a very confused wannabe first time home buyer and am looking for help on how to get out of my terrible debt making apartment…. thanks for any help or advice you can offer 
You should be able to find a foreclosure to buy, especially in Florida. There is legislation to give you tax breaks for 1st time buyers. The first 2 or 3 months will be challenging for you, after a purchase, but then your monthly budgets should stabalize. Many foreclosures are working with low or no money down, that is why i mentioned them
Is my family able to buy an affordable house in S/W FL? I make apx. $33,000 a year and fiance is homemaker…?
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to be honest probably not but the mortgage companies are going to look at a lot of things including your income to debt ratio you need to talk to a mortgage company and get a pre approval
References :
me real estate agent
You should be able to find a foreclosure to buy, especially in Florida. There is legislation to give you tax breaks for 1st time buyers. The first 2 or 3 months will be challenging for you, after a purchase, but then your monthly budgets should stabalize. Many foreclosures are working with low or no money down, that is why i mentioned them
References :
Is $33,000 your take home? What interst rate are you looking at on the calculator? do you know the taxes cost in your area? also, keep in mind that if you have other debt (cars, credit cards etc.) this will come into play. Your payment should never be more than 30% of your take home. Ideally it should be less. Keep in mind there is also the cost of saving for repairs and insurance on the home itself. a baby on the way is going to add expenses as you know. Also, how much are you putting down?
you really need to expect about 15-20%
your interst rate will be figured on several things
loan to value of the home
debt to income ratio
credit score
down payment
so keep that in mind. just trying to be honest
References :
loan modification officer
former loan officer