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I want to buy a house for my son to grow up in, Valencia told GOBankingRates.
Its really important for me to provide stability for him.
I dream of watching himplay in a backyardand hosting his birthday parties.
It feels like I work so hard and never really get to see it pay off.
Can you afford to buy a home if you make under $75K a year?
It wont be easy, not by a long shot.
But there are some actionable tips to consider.
Your real estate agent can help you with some scenarios to help you decide your budget.
Set a Realistic Budget
Creating abudgetyou can stick to is essential.
Look for neighborhoods that are within that budget and have potential growth in property value, Kaplan said.
Be Flexible
You may have your picture perfect dream home in mind.
Dont overlook an ugly duckling.
Sometimes simple and inexpensive upgrades can bring huge equity returns.
The difference of just a few blocks could mean the difference of tens of thousands of dollars.
Look Into Mortgage Assistance Programs
I would also look intomortgage assistance programs, Nally said.
There are many options on the local, state and federal level that may be able to help.
It never hurts to check and see whats available for you and your financial situation.
Stay Committed
This isnt an expert tip so much as a true story.
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