Buying a house seems unattainable for me. What can I do?

“Thanks you for your blog and articles to educate oneself. I hear a lots about affordable housing, which concerns me because the prices on these houses are still not attainable for people like me. I want to buy a home with the Habitat for Humanity program. Can you give insight on what it takes to own a home? Thank you.”

Submitted by Josephine D.

Home ownership can seem unachievable when you look at the cost of housing in many areas. Fortunately, there are several programs like Habitat For Humanity that can help you build a financial foundation (see what I did there?) and create a path to owning your own home.

There are a few basics steps that anyone seeking to purchase a home must complete. When money is tight and buying a home seems out of reach, a good first step is to learn about the homeownership programs in your immediate area (or in another locale if you are considering moving to a new city or town).

The Housing and Urban Development Office (HUD) has a list of HUD-sponsored housing counseling services across the U.S. A HUD housing counselor will be able to tell you about federal and local programs that are available and can often determine your eligibility by asking a few questions about your financial situation and family size.

It is easy to look at all of the steps and become overwhelmed or discouraged, so don’t start with a list. Start with a call. Get the information that is relevant to your specific circumstance and learn what you would have to do to achieve your goal. With good planning and the support of a program like Habitat or others, your goal may be closer than you think.

Take Charge of Your Savings
Earn rewards for creating a brighter future
Sign up to save more

Recommended Articles

Should I Rent or Buy a Home?

Renting versus owning – how to determine which is right for you Choosing whether to own or rent a home is a big decision. The “right” answer for you will be deeply personal, based on a few key considerations that we will explore below. 1. Examine your personal values A good place to start is… Read more

Fixing Credit to Buy a Home: Credit repair tips and guide

My husband and I want to buy a house for first-time buyers. How can we fix our credit? Submitted by Ferlenzia M. Owning a home is a dream that many people have. To make that dream a reality, most people get a mortgage loan. To qualify for that type of loan, you need steady income,… Read more

How Can People on Government Assistance Save for Retirement?

“Where are the best places for people on state assistance to start saving for retirement? I’m looking for something with low starting balances and low monthly transfers to the account. Do you recommend any financial companies, savings accounts, government-issue bonds, stock market?? I am so confused!” Submitted by Jessica L. I want to acknowledge your… Read more