debt assistance programs

debt assistance programs
Is waiting till summer going to lower my chances of being able to buy a house?

I’m stuck in a lease until june 31st. The only way to break it is to pay back discounts from my previous months and pay 3 months rent plus forfeit a deposit. That comes to around $8000. So I cant buy a place till this summer. I have a couple thousand saved for closing and ernest money. Since I’m a first time buyer I’m approved for a 3-6% downpayment assistance program. I also have really good credit and my monthly debt is less then 15% of my income. But since all of this is on hold till June I’m somewhat worried that I may not be able to get a loan in the future market or that prices will have risen significantly. Thank you to everyone who responds!

p.s. I am in denver colorado.

In this market, you’ll probably be better off waiting till summer, I don’t see the market rebounding anytime soon. tba


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