My fiancé and I are thinking about buying our first home soon - a starter house to build up equity and credit. We’re looking at staying around $125,000 and have only $5000 to put down and the most. People keep telling me that without upwards to 20% down that no one will give us a house loan, even though we have pretty good credit (both around 725 at our CU). Housing is inexpensive around here and jobs are, so there’s several nice homes within that price range that we can afford! Even with an $800 mortgage, we’d be making quadruple the payment currently, if that makes a difference. Once I start my job in may, we will be sky high over the payment. Is it really true that considering those facts, no one will help us?

Rent is so expensive and it’s just dumping money in someone else’s pocket! We’re moving on with our careers and have a baby now, and would love to put our hard work to use.