Have any single mothers bought their own home?

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I am a single mother. Are there any single moms who have bought a home on their own? Could you give me any advice or tips on purchasing a home as a single mother? I have two toddlers. Any advice would be so appreciated

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Have a stable job for 2 years, have a good paying job with reliable income, do not open any new loans until after buying a house, if you have to many loans might as well forget it, really good credit means no down payment!

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Yes. Depending on where you live and your income, check out usda home loans

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If you have zero credit or non-traditional job, then try talking to a local bank who does manual underwriting. The less stairs the house has the less running around you have to do when you forget a shoe :joy::woman_shrugging:

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I saved some and borrowed some from my brother, put 20% down payment on the old house that everyone said don’t do it. Everyone was saying I should buy brand new house and blah blah. My brother was very supportive though. My house looked in very rough condition but structure was very good. It just people who lived here never upgraded so it looked like house from 60-70s, some places 80s. I start saving and then renovating here and there. First I make sure one of my bathrooms and kitchen is in working condition. Then we all were sleeping in one bedroom while I was renovating other one. I learned everything on Facebook and decorations from TikTok :rofl:. My mortgage payments is half of what rent use to be. My house worth more now

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Find a Broker & suss what bank you’ll be applying for, the interest & then work out your budget. Buy a tad under what you can afford incase interest rises during your loan. If possible, split your loan. Some being at a fixed interest rate, some variable. I was lucky to have 250k fixed at a low rate for 2 years & come November it’s gonna be +$700pf on my repayments when it rolls over to being variable. It’s a gamble, but beats the potential of having to move every 6-12m. :australia:

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I did years ago . Make sure your credit is very good. Don’t pay anything ( including utilities ) even one day late . Get with someone about how much of a down payment you will need etc and have that loan approved in advance . Have inspector come to check home before buying . Make sure previous owners fix anything needing repairs or give you said money for them . Allow for closing costs . Lots
Of luck :four_leaf_clover:

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I bought my own house 2 years ago!
My first step was speaking with a mortgage lender. They can help in so many ways

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I’m in the process now. Good credit is everything. At least 680. Save as much as you can. Ideally a down payment is 20%, less than 20% is doable but that adds fees on. Closing costs are 3 to 6% of the cost of the home so make sure you account for that. Look into down payment assistance programs in your area but a good mortgage lender will be able to help you with that info too. Good luck. You can do it :muscle: I wish I started 10 years earlier but better late than never :woman_shrugging: