Im trying to understand what the point of getting a loan is?You can buy a nice house for about 28k-40k..Why rush?Save you money and buy one cash...That is what im doing,two years of saving i now have 34k and the house im looking at is 38k built in 03,4BR two car garage and full basement...I say don't rush and save and save till you have the money to by cash or at least 80-90% down and you wont have to worry if you lose your job...