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Low Income Disabled Vet -- Is it possible to buy a cheap townhouse if..

TL;DR I make $1,131/month from VA disability. Would it be possible to purchase a $50,000 to $60,000 townhome with that being my only income? I have been psyching myself out as multiple, albeit automated, tools are suggesting that my mortgage would be too small or that I don't make enough. I have no debt and a 730 credit score. There are no stipulations to my disability income and will be receiving it for life.

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Hey everyone,

I recently received a letter from my current landlord (apartment I rent) that I have ten days to vacate due to a complaint of drug related activity in my apartment. Not sure where the complaint stems from other than a neighbor who smokes marijuana. I know this because it makes our hallway reek of the stuff. I have not imbibed any controlled substances since we moved to the state we are living in and have never had marijuana or any other drug, prescription or otherwise on the premises.

The notice we received via certified mail stated that there was a complaint and we had 10 days to rectify the situation or we would be evicted. As I am unsure how to rectify an issue that does not exist, it got me considering the alternatives.

I am currently a disabled veteran making $1,132 a month from VA disability from getting injured from an explosion. Would it be possible to purchase a cheap townhome? Would banks approve a mortgage that small? Having a low income seems to be a very daunting hurdle to overcome, even though I am currently renting a place that is approximately 4 times what a mortgage would be and have been for over 4 years.

Thoughts?

Truly appreciate your time!

submitted by /u/broccoligold
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/frl5f7/low_income_disabled_vet_is_it_possible_to_buy_a/
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