Can a person with little money buy a house?

You can buy a home even if you have a modest income if you take advantage of housing aid programs and get a low-interest mortgage. That’s because getting a mortgage doesn’t require a certain level of annual earnings.

However, several circumstances related to your own financial status will determine how feasible this is for you. In order to establish your eligibility for a mortgage, a lender will look at your credit history, your debt-to-income ratio, and the amount you can put down.