The $62.5k is in essence taking some of your profit in advance in the form of a loan instead of waiting until you sell.       

@Jessica Wygal: Thanks for your help in advance,and I currently living in the Spring Branch area but I am open to any neighborhood that is reasonably priced taxed and could offer a good return via rent or outright resale any information you can provide or Leeds would most certainly gratefully be helpful and once again thank you.

Thanks in advance!

thanks in advance.  

I'd like to move back into this unit...this is the goal after about 2-3 years max.Thanks in advance.

Thank you in advance!

If you find you're unable to get something right away due to your credit or income situation, you may still be able to acquire your first place creatively via a lease/option, seller financing or buying a place 'subject-to' the existing financing, plus there's always hard or private money however either of the last two would require having 'take-out' financing lined up in advance, which might be a stumbling block.

I appreciate you helping me to figure this out in advance.

Thanks in advance!!

Thanks in advance guys and gals, I look forward to learning a few things!