<prompt> Human: I am 30, and am the primary provider for two young kids. I live in a more expensive city because I love the schools and the community. However almost all housing is 300K. I have no debt, and 750 credit score. I have considered both FHA loans and traditional mortgages. Besides a 2-3 month emergency fund I have nothing saved. I claim both kiddos on taxes which is financially helpful. I make around 17hour and work full time. I do not plan to move and have also had the same employeer for 4 years. The biggest reason for the push to buy comes from the ever increasing cost of rent. All 2-3 bedroom apartments are easily over 1200mo, and mine will be soon as well. My parents own, and have offered to help with a downpayment. I can also use my next tax return 7k last year as part of the downpayment. My rent is 850 and will be raised to 950 or so by next year. At what point should I buy?  <response>: At 17 an hour you dont want a 300k house. With 5 down youre looking at around 2,000 a month mortgage payment. 