Well, what would be your interest rate/PMI/closing costs in a no money down situation? What's your current income? How secure is your job? What type of house can you get in your area for the price you're talking about? (IE, will it need lots of repairs or is it basically new? How big?) How long are you planning on staying in your area? In general I'm against no money down situations because they show you're not really ready to have a house yet. However, if you in this situation because you've been dealing with the other debt in your life it might not be so bad. . . . Still need more details though
