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Irseg, from above information, you should be fine. Age has nothing to do with it. As far as credit, it sounds like you have enough. The one late student loan payment should not hurt you, just make sure all other payments are on time( this is a must or your credit history can be SCREWED and your credit rating will suffer which can make or break your approval). You should be able to get by with a down payment of $4000-$6000, as your steady employment and good income are great factors on your side. I do not know how much your monthly debt is, but still with your income, and average debt, you should be ok. As far as rolling extra money into the loan for furniture you probably won't be able to do that, but you can roll in the closing costs to save you some out of pocket costs. As far as rolling in money for repairs, you possibly can do that with some FHA loans. My suggestion would be to talk to a local mortgage broker about 3 months prior to buying the home, as you can go ahead and get pre approved ( not pre qualified... but actually approved ). Most approvals are good for 3 months. That way you can know that you have been approved, and can use that when negoiating for the home. I hope this has been helpful, and please if you have any more questions, or I have not been clear on some things, just let me know and I will try to be more clearer.
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