Is it possible for low income family to have a mortgage within affordability?

we are a low income family our monthly income is about $1300.00 is it possible to be able to pay a mortgage payment on a $60,000.00 home at todays interest rates?Is it possible for low income family to have a mortgage within affordability?
Today's interest rates are still extremely low compared to interest rates of 10 years ago. Depending on where you live, you can look into a State Bond program. If you review my other posting, I keep bringing up State Bond program because they are the best program for low to moderate income families and first time home buyers. They are normally lower than traditional mortgage rates because they are subsidized by state issued bonds. Second reason why they are good is that they allow you to roll your closing costs into the second loan, and normally the second loan will be at the same interest rate than the first. A huge advantage when qualifying for a mortgage payment. There is MI involved, however if you look at the MI payment versus the 2ND loan payment, you might be surprised at the over all payment between the two. Most mortgage brokers will not give this option since they are not able to make as much money on the file, however if you find a mortgage professional with your interest in mind and not looking to make a fast buck, they will present this as an option.Is it possible for low income family to have a mortgage within affordability?
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I would think so. Go talk to a maortgage lender, that's the only way to really know.
Yes, you could take in interest only payment option and pay about 300 a month, based on 6%