Owning a home possible?

You can def. buy a home, I would love to assist .... I am a bank, not a broker... give me a ring , Thanks!

>I am a huge producer on Long Island

Shouldn't you be KrCloser516 ?

Wow, talk about desperate solicitation! Basically has a big neon sign saying "stay away!"

wheretobegin,
What kind of home were you thinking of? And for starters, try Google. It's great for the type of terribly broad question you are asking.

Sonya? Why the douche response? Is this not a RE question?

Kid, go get laid. Buy in a few years.

@Ottawanyc,
The first line in my last post was directed at KrCloser212's advertising. I respond to wheretobegin's OP beginning with: "wheretobegin,"

Sorry if that wasn't clear.

Wheretobegin, the only way you can get started this early is if you look at HDFCs -- units under the stewardship of the Housing Development Fund Corporation. These are typically in undesirable neighborhoods, so if you're looking to have kids early in life, the school districts you'll likely be in might not be for you. *But* they fit your income and might just meet your housing needs for the next decade or so while enabling you to save lots of money toward your next, "real", purchase.

HDFC units typically require an income of less than slightly above the median for the area, so if (for example) the median income in a neighborhood is $50,000 and the limit is 120%, you need to earn $60,000 or less to buy there.

HDFC units also require a lot more due diligence than a regular unregulated apartment, and can have severe restrictions when you sell, such as turning over a percentage of any profit to the co-op, or even turning over a percentage of the sales price -- whether a gain for you or a loss -- to the co-op.

Be careful, but keep HDFCs on your radar. It's one of the few ways for regular people to afford housing in the city.

Wheretobegin, aside from HDFCs, the maximum home price you can afford on your income (assuming you already have at least a $25,000 down payment and at least $10,000 in post-closing liquidity) would be in the $120,000 range. And for Manhattan or Brooklyn, that IS a down payment.