Chosen by Asker

not if your the only one thats going to live there. You need to make more than minimum wage to be able to afford a home on your own. There is no way. But if you got some one else moving in with you that is going to help pay the bills then you could probably find one thats affordable.

by Karissa

6 months ago

Asker's Rating: 

Sure. That's exactly how everyone got into this financial mess. Buying way above their means.

by AskAStupidQuestion...- 6 months ago

Anything is possible you just gotta work your as s off. Get a second job if necessary. Cut down on little luxuries such as cell phones, going to the movies, etc. Its easily possible.

by Bella T- 6 months ago

With a down payment, yes. You are expected to save up all that minimum wage and buy down the loan so that you can afford the mortgage.

by Angie- 6 months ago

YOU COULD ALWAYS BUY A TENT

by eminemderrenbrownbanksybandler$$- 6 months ago

nope. even if u could the only thing you could pay for Would be the rent or mortgage and nothing else. no food no gas no necessities.

by Matt- 6 months ago

probably with decent credit and a good down-payment, check into lease purchase options...Good Luck!

by dymondQueen83- 6 months ago

Not possible at all. Home buying is a privilege for those who make the money to actually afford it........except for the past 5 years or so. Thankfully, those days appear to be over.

by Ryan M- 6 months ago

down here in St Paul MN they are selling homes for a buck. Catch is your required to live in them AND renovate.... The other catch is its such a bad area that you would probably get shot trying to move in.... other wise hell no. The bank will giggle when you apply....

by tctorque- 6 months ago

No - not in this economy. Sorry. Unless you have a partner that also works full-time, or some asset(s) that you can put a lien on (to get a home equity loan), then it'll be tough for you to get a mortgage. I work at a bank, so from my perspective it would be too risky to give someone making min wage 30 thousand for a down payment, or any kind of loan for that matter.

by viper_nrg- 6 months ago

I don't think you realize how much mone $170k is. Unless you have a huge down payment there is no way that you alone on minimum wage could buy a home and keep up with all the other expenses of living and keeping the property in good repair.

by Othniel- 6 months ago

A condo at 170K is way beyond your means -- even with a 20% down payment, you'd be looking at a mortgage of $1000+ a month, meaning 75% of your monthly pay would go to housing costs alone (assuming you could get that kind of loan on your earnings, and in this market, there's no way). Generally speaking, the cost of your home should be 2.5 - 3x your yearly pay, putting your max price @ $62,400.

by tracy- 6 months ago

yeah sure if you want to live in the USA with a minimum wage of 10.00 you could probably afford a house in a 80,000-120,000 dollar range! good luck

by Jessica- 6 months ago