Iam currently renting a studio for 1000 a month which isnt to bad but i was wondering if it would be possible to purchase a small house in san francisco if i make a little above 50000 a year.
4 Responses to “How Much Does It Cost A Month To Purchae A Home In San Francisco?”
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October 17th, 2009 at 11:48 pm
Donald,
I sell mortgages and I can get you in a home cheap with a few of my programs! call me at 866-906-3595 or 813-917-7965. The names Joe
October 17th, 2009 at 11:54 pm
Your monthly payment would be approximately 1% of the loan amount.
October 18th, 2009 at 12:01 am
You would have a hard time getting a home in the city making only $50K a year unless you had a significant down payment (in the neighborhood of $500K down). You can probably buy a coop in the Tenderloin or Hunters Point – but both of these areas are crime ridden. Try Oakland – there are some good areas of the city (outside of Eastmont and the projects) which are pretty nice.
You might also try low income and first time buyer homes. Sometimes hard to get into, but worth a try.
October 18th, 2009 at 12:05 am
I would dought it. most houses cout over 500,000 in california. Even for the smallest ones.