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Reply to "Is it completely hopeless? Want to buy home, no down payment."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP I feel hopeless too and I have 100k for a downpayment and 250k in equity on my first home. It's just a rough area. [/quote] wow do you feel hopeless??? sounds like you could buy something really nice.[/quote] meant to write "why do you feel hopeless?"[/quote] Because I'm looking in the Tysons area and can't find anything nice under 700k (or 800k really). We don't make that much money (170k) but live very frugally and are big savers but mortgage companies don't care about that. We recently tried to get a home for 640k (with 100k down and not selling 1st home right away) and were turned down. Houses sell incredibly fast in my neighborhood (average is 8 days) so we don't want to put ours up for sale until we've found a place since we've looked for nearly a year. [/quote]
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