Join the military for two years. Army has shortest enlistment. Don’t get killed. Report any ptsd or headaches/backaches whatever, get 10% or more disability. Then get out get a VA loan, which have better rates overall since the default is low for veterans, no money down and never pay pmi, with disability (exempt) pay no VA funding fee. Use your gi bill, army college fund, tuition waiver, financial aid and get paid to go to college while you pay off your VA loan financed 4 flat and collect money from your three other tenants as you attend school. Graduate, have a great life!
Total nonsense. If someone has, say, a student loan, paying it off over many years before buying a house is simply stupid. And killing yourself by eating **bleep** is even worse idea - your heath will deteriorate, so your work will be affected, so your career will be affected etc. Or, if you are lucky not to get fat and sick, you will waste your youth. Enjoy life, have vacations. Buy affordable house as soon as you have 3.5% using FHA. Yes, you pay mortgage insurance, but IT IS CHEAPER than if you had to put so much cash out. Even when I have 20% down, I still use FHA and use the 20% in another investment. This works, as long as the value of the house goes up or as long as you can for sure afford the mortgage.
Are you a veteran by chance? If you ever served in the military and we’re honorably (and sometimes even generally) dischanged, you qualify for $0 down payment.
All active, reserve, and veterans qualify for a VA letter (as long as you served honorably). This letter is a promise from the VA that you will make the payments. It’s not a loan however. You will still need to get a loan through a lender but a down payment is not required.
Good advice, but a little over the top there. If you can live below your means before you don't need $10k to rush and outfit a house right away. Setting goals is key, and minimizing expenses to vault your home ownership to top priority should be your main goal.
Cutting out all extra expenses, dinners out, coffee shops, movies, etc. If you're married I suggest setting up a 2nd savings and you or your spouses salary goes directly there. Pretend it doesn't exist. Live off one salary. Can't do it? Bull... People do it all the time it just takes work.
Look for more affordable housing, budget everything!
You're down payment comes quicker than you'd imagine.