There Is Hope, Though
For a more accurate range, you can get pre-approved by the lender. They will give you a better idea of the right figure by measuring your income, debt and credit.
Get Down with the down payment.
Here are tough part: finding enough cash for down payment, with the costs associated with the purchase, such as rent, appraisal fees, inspection fees, legal fees and title search fees. Ouch. As a first time homebuyer, not to walk in the park, especially when most lenders ask for 20 percent. Double ouch. There is hope, though. Several private and public agencies offer programs where you can pay only 3 percent down at home. To learn more on Home Refinance Loan visit http://www.loansmarter.com