Palo Alto is rather costly. Being so youthful, and maximum probable, no longer having any credit general yet (you won't be able to legally get credit till you're 18 for now..by potential of Feb 2010 this is going to likely get replaced to 21) you will no longer get a private loan. no longer on your very own in any case. you may maximum probable desire your mom and dad as cosigners and a hefty down charge. Even then, you might have complication qualifying because of the certainty you sound as in case you're self employed and the regulations for them is what's your internet earnings a 12 months no longer gross. yet another element is, i would not tell a lender you need to hire out the rooms. That turns the area into an investment sources, and you're definately unlikely to get a private loan for that. As for the tax credit, you maximum probable would be too overdue to get in on that, as you could have already been authorized for a private loan, and in escrow NOW to close the deal and characteristic the deed recorded on your call merely before December a million, 2009. whether you have been to get in earlier the time decrease, you need to use the valuables as your well-known place of living to get the credit, no longer as an investment you would be renting to grad pupils etc.