How old were you when you (and all other major), bought her first house?

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How many people out there have been successful, as the young, first-time buyers? I’m 22 and my husband is 25, we just bought her first house. Pretty much anyone other than our parents said we’re crazy when we thought the bank to give us our seasons. Their excuse was that “they” do not buy his first house until they are in their 30-fortunate to live so we should be hiring for the next decade. I think its one of those “maintain the status quo” attitude. Something I’m not very good:) My husband and I built a good credit history, and even if we do not have the money to to 20% less than the house we could make our selection for programs first time homebuyers who need little or no down payment. We live in Huntsville, AL, and found a house 30 minutes north of the City qualified majority USDA Rural Development Loan, mainly managed by the Ministry of Agriculture mortgages, which do not require a deposit to encourage growth in rural areas. Interest rates on these loans is about half over higher than the former if we combined the two other programs, reducing the interest rate on the normal level, and offers a tax credit of 20% of monthly mortgage interest that we pay monthly. We were able buy a 1600 + square foot, 3 bedroom, 2 bath, ranch style home in good condition, 1 acre hilltop, and a beautiful view over the countryside to the rear yard only $ 105 000 each. It is also our budget $ 130,000. If this sounds oddly low compared to your region, Alabama, is a very experienced real estate boom, and since Huntsville is a hotbed for defense contractors, high technology and the government employment, the economy has not collapsed. It was actually ranked No. 4 by the growth of the city smartmoney.com best job in the country. Chamber also one of them rarely, I tend to attract the types of transactions.

8 Comments
  1. Reply
    9 daughters
    February 24, 2011 at 8:52 am

    I was 22 when I bought my first home. Congratulations for not listening to the naysayers.

  2. Reply
    hoodie1919
    February 24, 2011 at 9:10 am

    We were 25 and 26 ….I look at it this way…if you and your hubby are happy then who cares what everyone else thinks. Don’t let other people tell you how to live your life. Now you are investing your money in something rather then throwing it away by renting. Hope you enjoy your house and have a great life together!

  3. Reply
    MLE
    February 24, 2011 at 9:46 am

    Listen girl, it sounds like you got it together and have thought this all through…do you really want strangers opinions? Obviously you don’t want your family’s and that’s OK. Roll with it baby, you are an a-dult now.
    BTW I was 25 and my hubby was 29 when we bought our house.

  4. Reply
    godged
    February 24, 2011 at 9:59 am

    I was 29 when I bought my first house.

    If you had goals and achieved them, who cares what other people think? You did what you needed to do to get into a home, good for you.

  5. Reply
    Bibs
    February 24, 2011 at 10:20 am

    I was 30 and my wife was 26. I was an engineer in Milwaukee and my company laid me off one year after we bought the house. I took a job with Boeing in their Seattle Division. and sold the house.

  6. Reply
    Sean
    February 24, 2011 at 10:30 am

    Well done, well thought out. Sounds like a good deal. I think your tendency to attract a good deal is based on insight.
    I was 28 and the wife was 25 when we first bought our first house.

  7. Reply
    michelle22214
    February 24, 2011 at 11:06 am

    I just want to say that I am so glad to have ran across this article. I had just posted a question asking whether they may be a chance I could get approve for a mortgage everyone keeps telling me no…and some have actually been downright rude. Granted I am only a 21 year old college student that doesn’t make a ton of money but I am not stupid. I live in the Upper Peninsula of Michigan…not exactly the richest part of the country more like one of the poorest, and although my income may be low it is not extremely low for my area. Anyways your story gave me hope that maybe it is possible for me and my soon to be husband to own a house with the USDA rural development loan instead of throwing our money away by renting…it definately gave us another source to investigate!

  8. Reply
    TM
    February 24, 2011 at 11:15 am

    I was 21 & my husband was 25 when we got our very first house. We are proud of what we did and now we owe 4 properties in Southern California.

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