In reply to:
...and your payment might be the same or less than renting.
Really? tell me how!!! We are trying to purchase a Town Home as well here in N. VA, but we simply can't find a good one we can afford. We even visited four TH in Springfield today, that were selling for around 350K, but we were so dissapointed: too small, in the middle of nowhere, and kind of not-so-well built. I guess we have to look elsewhere. with a 300K loan, monthy mortgage payments plus other monthly fees will reach around 2K, which is far more than what we pay for rent in a very spacious apt. where we live now. Today, I seriously thought of giving up wanting to buy a house for a year or two...