I live in Chicago. This year I made about $180000 but after taxes and deductions I have under $100k as my usable income. I haves loan on two cars. One is 600 a month and the other one is 300. I can pay off the one that's 300 a month if that would help me afford the house that I want. I want to buy a $350,000 house. I don't have a 20% downpayment. I only have a 3% one which is 10,500. The mortgage would be $1,900 a month and I could definitely afford that considering that I pay 1,300 for a rental. I have been told that I can't afford this house. But then how come people who make $4000 a month can afford a $250,000 house? Are there any special programs that can let me buy this house?
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