<prompt> Human: Hi,Young woman in her twenties here. My significant other in his thirties and I live in Jacksonville, FL and want to get house. Was wondering whether you think its possible for us to get a house in the 150-200k range, and what kind of downpayment is available.My significant other has owned a house before but I havent. Can I still qualify for FHA or first time home owners? Is it possible to only spend 10k on downpaymentclosing?More info:-Both of us have credit scores in mid-to-upper 600s-Both of us have lower income jobs but make a combined of about 50k a year. We have no gaps in employment and have worked at the same places for several years.-I was an egg donor multiple times and have 40k saved in stocks, 10k in savings, and hes got about 10k in savings too.-We have no credit card debt, no car payments paid off, no student loans, no debt at all. -Currently we pay a LOT in rent live by the beach, so a house would save us a lot of money.-I hopefully will be increasing my income in the next several years-I dont want to pay more than 10k on a downpayment.What do you think? I know nothing about any of this.EDIT: More questions-- could I qualify for the FHA loan with a downpayment of 3.5-5?And how much do you think closing costs would be after the downpayment?I dont mind the monthly PMI as long as the downpayment is less...  <response>: The situation is cloudy right now. Consider that a 200,000 home would need at least a 20,000 down payment you but youve said you only want to pay 10,000. Are you married or not? I would not buy a house unless you two are married. Before taking on such a huge financial commitment, you need to follow the steps in the prime directive which generally include having a budget, emergency fund, and plans for savings and investing. On the upside, its great you have no debt and have good savings.My suggestion is to move to an apartment further away from the beach, save 300 a month ballpark guess for 5 years and use that 18,000 for the down payment on a house. By this time your income might be up higher and youll have time to get your credit scores up a bit higher too. 