Housing is much more reasonably priced in my part of the world, I think, although renting is still expensive. When I first moved here in 1996, I rented a 3 bedroom, 1 1/2 bath home for $750/mth. It was in a nice neighborhood and a one story, brick ranch.

What I discovered, when I was ready to buy, is that there are mortgages out there for just about anyone. I didn't have a lot of money to put down, but got FHA financing, and bought my first home, 1700 sq ft, for $109,000. I think my payment, with taxes and insurance was in the $900 range. Luckily, in the almost 5 years that I had that house, its value increased (due to lots of improvements) and I sold it in 2002 for $145,000. That gave us enough to put down on the home we now live in and our payment is only $100 more per month and we have a house that is twice as big.

Amy, there are mortgage programs out there that offer 100% financing, actually. You should talk with a mortgage person, even if it is just to help guide you into what you need to do to get ready. Good luck!

Logan