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I can only afford 10% Down payment, what should I do?

I can only afford 10% Down payment, what should I do?

This is a discussion on I can only afford 10% Down payment, what should I do? within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Hi, allI live in the Bay area, San Jose Area. This is my situation, me and my wife gets around ...

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11-19-2008, 06:53 PM

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I can only afford 10% Down payment, what should I do?

Hi, allI live in the Bay area, San Jose Area. This is my situation, me and my wife gets around $80000 annually, our credit scores are around 730. We never wanted to buy a house, since it was around $500,000 before, but now it's around 300K-350K for a single house, we really want to buy a house, since the market is really low right now, but problem is that we only have around 5k in saving account now, since we spent all of our money for a investment(I KNOW, BAD CHOICE). Now we are renting, me...

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