Buying a home...?

We are wanting to buy a home that costs $52,000.00. We have limited funds for down payment and closing costs..no more than $2000.00, our monthly income is $2100.00. The only debt we have besides regular bills (phone, electric, gas, cable, internet, car insurence) is a monthly car payment of $160.00. He has poor credit, but my credit score is 681 (..begining to build credit) and I also have perfect payment history and all satisfactory accounts. Is there any options for mortage loans in our situation or does anyone have any suggestion, help, or any additional information on what to do? Thank in advance!

Depends where you live and the housing market there. Many lenders have "first time home buyer" programs.
I would suggest looking for a foreclosure property to buy. Not one where you bid at the County Clerk's office, but one already owned by the bank. They are usually listed with a Realtor and are readily identified as a foreclosure. The only drawback with these are many need some repairs (although perhaps cosmetic work - painting, replace windows - that kind of thing).
Contact a local Realtor and be honest and upfront all the way. I am an attorney and have had many people happy with foreclosure properties. One final note - keep saving for a down payment and do not incur new debt.
Ggood luck!

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