Is $35,000 a year enough money to own a three bedroom home in Chesterton Indiana?

Question

It could be a town house or a single family home. And would I be able to pay regular bills and live comfortably month to month??

Are there a lot of homes for $105,000 in Chesterton and are they in good neighborhoods??

I have no debt, but my credit isn't good. I'm a single parent.

Answer 1

Goto a realestate agent and tell them you are looking to buy and you want infomation on famers Or USDA loans it is financing for low income (thats what im doing right know) It has very low intrest rates and no to low downpayments... i think you have to come up w/ the closing unless seller pays.. goto this to get more info www.rurdev.usda.gov this will let you know if ur income is acepted or concidered low income in ur area.. Good luck!..

Answer 2

Generally speaking, a very basic good rule of thumb to follow is to stick within three times your gross (before taxes) annual income.

If you make 35,000 --- that would a $105,000 house. People tend only to look at the mortgage payment ... they get into trouble when the heater needs fixing, the car breaks down, someone looses a job ... don't over extend yourself. 3 times the limit is max.

Answer 3

Try a bit of sample budgeting. You could also check around Valparaiso for comparable housing options.

Answer 4

If rent and house payment are close to the same monthly cost yes if you are not going to have to put to much money into the house.

Answer 5

Id ask a realtor.Im not from indiana so i don't know of any. Unless there is a centry 21 there. ask them.

Answer 6

Depends on your debts!

Answer 7

maybe how much do you spend