<prompt> Human: Im 22 and I rent a 2 bedroom apartment right now for 1100 a month. I want to buy a home because I feel like I want the responsibility of owning a home early. I am thinking about something in the 120k range. Something in a development would be ideal. I have no idea how to go about it though. I have a friend looking into some houses for me in my price range. Who should I talk to about getting a loan?What should I expect in fees? What is a good amount to put down?I really just want to buy because Im not leaving anytime soon and I think buying a home in the long run will help me build credit and eventually it may even make me money.  <response>: Whats your income? Is it stable? Education level? When did you graduate college? If you havent gone to college, are any of your last 5 years worth of annual incomes significantly lower than they are now? Why? If you have gone to college, can you provide transcripts proving when you were in school to explain your lower income in those years? How much do you have for a down payment? What type of account is it in? Is it money you earned through working or is any of it a gift from a friend or relative? Will that friend or relative be willing to sign something saying its a gift and they have no expectation that you will pay any of it back? All of these are questions you can expect and will need to answer to a mortgage lender. So start preparing yourself now. 