# Buying a house

**URL:** <https://forums.speedlife.net/t/buying-a-house/266367>\
**Category:** Shift518 Off Topic\
**Created:** [March 3, 2013, 7:26pm UTC](https://forums.speedlife.net/t/buying-a-house/266367 "2013-03-03T19:26:55Z")\
**Posts on this page:** 1\
**Showing post:** 37

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**Author:** ![Boost\_Creep](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boost_creep/32/6366_2.png) [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)\
**Post date:** [March 4, 2013, 9:57am UTC](https://forums.speedlife.net/t/buying-a-house/266367/37 "2013-03-04T09:57:32Z")

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> [@New car advice...](https://forums.speedlife.net/t/new-car-advice/51891/17):
>
> What is a typical down payment on a house and how long can a sub $100k house be financed for? I’m going to look into buying a house next year if possible but don’t want to spend more than $75k.  
> I don’t mind buying one in Schenectady. Houses can be pretty cheap there and I don’t want a huge house since its just me.
> 
> I’d much rather own than pay rent, especially if the costs are similar.

Be careful buying anything in that price range. It will need work. Unless it’s a rough area.

You could do FHA funding which requires 3.5% down, and you can take up to 6% sellers concessions towards closing costs.

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