<prompt> Human: Ok so to start Ill explain about my bossemployer and my situation. Ive worked there for about a year and a half. I regard it as the best job Ive ever had due to how fair my bossowner is and the benefits. I have 100 paid health insurance over 4k per year, matched 5 401k contribution, etc.. From what Ive seen, it doesnt get much better for someone of my ageexperience. Im 23 and I currently have a 25k income. Ive been considering saving for a house recently but havent really put much more than thought into the idea. Ive been renting rooms since I was 17, till about 1.5 years ago when I rented a house with a friend. Resigned the lease 4 months ago for another year as I knew I wouldnt have the money together to purchase that soon. Well, last week my boss came to me and asked me if I would have any interest in purchasing one of his homes that he owns. And I said that I didnt have much saved up but Id look at the details before shooting the idea down. Well he sent me the details in an email, which also named a few other employees who hed done the same for and helped them get into their first houses most employees here are long time employees, high retention rate.The details are-House valued at 83k on zillow, 90k by realator, and an appraisal from earlier in the year at 78k-Asking price is 83k-wanted 10 down and he would cover the closing costs-due to my limited credit history he would hold the mortgage and offer me 4.25Well, I didnt have an extra 9k saved up for the down payment so I told him that I really appreciated his offer but didnt have the money for the down payment and that I was still in my lease for another 7 months. A few days later he offered me the same deal but I would only put down what I could afford and cover closing costs.Now about my current situation-6k in bank account-current roommate would be moving with me paying 400 per month and half of cable, water, power. So rpersonalfinance what do you think? I think that if everything works out it could be a great opportunity but I could easily be overlooking something and getting myself into something I cant handle. Thank you!  <response>: Assuming all of the numbers are correct, youll be paying a few points above market price for a house that youre only looking at because its being actively sold to you.The interest rate is a wash. Maybe you could get a better rate, but you said you had no credit.And even if you intend to be with this employer in the long term, do you really want the same entity holding your income and largest debt?Personally, 25kyear isnt enough to buy a house, let alone an 83k house. And I certainly wouldnt try to make it fit with unconventional financing. 