Buying a Home on a Budget: Your Loan Options in 2023

It is feasible to purchase a home even on a modest income.

Potential homebuyers on a tight budget may encounter a number of hurdles. One reason is that saving for a down payment can be challenging, especially for renters. And it could be more challenging to maintain a manageable level of debt in relation to your income. There are a number of loan programs available to assist those with modest incomes who are interested in purchasing a home. You probably meet the requirements for at least one of them.