[quote=threadkiller]How much are you currently paying in rent. Do you make 4500 or take home 4500, big difference, at least for me(making 5200, taking home 3000). Check out Zillow’s rent estimate vs. zestimate. If you can find a place that you qualify for, where PITI is near what you are paying for rent or even a few hundred more then I would definitely give it a try. Your FICO seems low to me, I think that is the lowest FICO that you can get a mortgage with. You do not mention how much you have in savings. I think Suzy Orman would deny you, but I personally think it is a good time to buy. I know renters and landlords don’t like to invest in their places, but as a “homeowner” it will probably be your strongest urge after “buying”.[/quote]

I pay $1,455 rent each month for a one bedroom apartment in Kearny Mesa.

My Fico Is low because I dont have enough credit and the 3 paid charge offs from 4-5 years ago still show up. (All items have been paid and the highest one was $1,200)

I only have arond 2k in savings. Bring home just under 4,500 a month after taxes, medical and 401k.

I feel like if I dont buy something now prices are going to go up and I wont be able to afford anything west of the 15 freeway.