It's been a while!  I was also starting to look into this as I have been paying a landlord my hard earned money for years and years...and have nothing to show for it! 
I have the problem of not having the suggested income for anything! When I plug in my numbers into the calculater, it says I can afford like 425 dollars a month! That won't even buy me a cardboard box here! Yet, I pay over 200 dollars more in rent each month than that number.
I'm new to all this too...and I don't know if it's a pipe dream for me, or if I could possibly make this work. The prices of real estate is sky rocketing here! Prices are 20,000 dollars more than they were just 6-12 months ago! 
Are you looking to buy a home, a condo, or a townhome? Can I ask what the prices of homes and rentals are where you live? Where do you live anyhow?
Feel free to email me if you want ....maybe we can help each other out here. Like the other women said...I found that the mortgage company is willing to give me as much money as I need, almost, based on a no income loan. That means they don't consider my low income and are basing on my high credit score. So, they are willing to give me lots of money, but don't really care if I am able to make the payments once I have the property...that is no longer their problem.
It's hard to have the loan amount and see nice places and want them....not thinking about how the heck you will pay for it later on! It just seems like if I like it, I should be able to have it, like everyone else. And I'm not talking mansions here...just a small 2 bedroom house or a small townhome...a place of my own that is quiet and I don't have to share walls and doors with noisy neighbors. I'm currntly in a bad, noisy apartment! I don't want this again!
Heck, I'd live in a small one bedroom home as long as it was all mine...but even those would probably be too expensive...even if they make one bedroom homes.
I really don't want a condo, as they are usually rehabbed apartments around here...still sharing walls and doors and noise and can't control who your neighbors are.
I'm even considering a mobile home. I know they depreciate and are not a good investment...plus you need to purchase the home and continue to pay for rent of the land...but it is private, it's your own little place with a small yard, and the rent of land is basically the same as paying the taxes, assessment fees, etc, of a home or condo. Problem is that the value goes down...but it's still better and cheaper and more private than renting. I think renting is probably the worst financial loss of money.
Keep me updated on anything you learn! If you email me, maybe we could share info! My email is in my profile...deerbeth@yahoo.com.
Take care!
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~ Beth
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Hi Amber
