Quote:I'm not a first time home buyer, bought a house when I was 20 and sold it a bit later for a few more bucks. Saving my down payment up now, got about 20k saved so far, giving it about 2 more years and a few promotions before I pull the trigger. For now I rent.

Ok, sounds good. It just depends what you are looking to do. A lender I work with can actually do a no mortgage insurance loan with less then 10% down. Today, you need 3.5% for FHA or 5% down for Conventional. Also, if you haven't owned a home for 3 years then you are still considered a first time home buyer and can qualify for $10,000 in down payment and closing cost assistance.

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