question about buying a house in nj?

[candy]

i have 10 grand can i buy a house ? can i do a 10 grand down payment in nj? is there some new law that pres.bush passed for home buyers benefit???

[Brent]

10 grand is a good start and will be enough to pay closing and a down payment on a $100,000 home.  However, your credit history is the most important concern.

[Sharon_T]

There is a new tax credit that will give you back 10% of your purchase price up to a maximum of $7500.  It is really a tax-free loan that has to be repaid at tax time over a 15-yr. period of time--sooner if the house is sold.

You don't say what price home you are looking at.  $10,000 will buy a modest home but your area is pretty expensive, most likely, so that probably isn't enough.