I am a First Time Home Buyer. My monthly income is around $1800/Month. I have less than $10,000 in credit card debts with zero interest. I have no other debts.
Am I eligible to purchase a property instead of paying $900/Month in rent. I want the loan for 5-10 years with the option to pay off without early payment penalty. Also, maintenance free home for minimum of 5 years. What are my financing options? Should I apply trough Traditional Bank, Credit Union, FHA, points/No points. I need help to sort things out.