So, we don't qualify for a Rural Development loan because my husband has no credit. Which according to the car commercials he used to make, is no problem. Apparently, the USDA doesn't agree.
However, we do qualify for an FHA loan for up to $60,000. Which is about what I was thinking.
This house that I and my family absolutely LOVE is priced at $44,900. I think we can talk them down to $40,000 and they pay closing. There are some minor repairs needed on the house (most of them are cosmetic), so we are trying to get above the cost of the house to make the repairs. We can borrow up to the amount that the house is deemed worth by the inspector. I think the house is probably worth $70,000. So, no problem there.
The problem lies in the fact that dear husband is now more vocal about the house. I thought he loved it. He has reservations about it. I wonder if it is just because he is so slow, methodic, and planning at everything he does. I just started house hunting less than a week ago. But this is a foreclosure and a super super awesome deal. I want him to love it so we can close by the end of next week. But, I am not going to force the issue.
When I was little, when my dad would take us out to eat (rarely), we had to get what was $.99. It was usually a chicken sandwich at Dairy Queen. I still don't like those at all. But, we had to get them because they were $.99. No consideration went into the fact that the hamburger that I liked was $.89.
It was a deal and my dad liked chicken sandwiches, so we ate them.
I feel like I am making Lee get this dollar menu house because I like it and it is a great deal.
What Lee keeps bringing up as problems, I see as minor things that can be solved; ie. no storage (we can afford to build a shed), no fence (we can afford to build one).
Any advice?
I am such an impatient and impulsive person that I can't stand all this waiting. I want to make a wise decision though. I have prayed God give me wise people in my life to help make this decision easier. I have asked all my family and they love the house. I think the next step is to talk to Lee's father. That will make both me and Lee feel better.