Would it be wise or stupid to get this house?

Right now, I am married and we rent an apartment. We have recently found a house we love online for $ 50,000. We have a total of about $ 7,500 in the bank to send a deposit. I also get to $ 1500 at the University in a few weeks (scholarships). We would pay until the end for one year to live in our flat B / C of lease in the year (it ends in April). And we pay $ 375 per month. Our only other monthly bills are cars that are over $ 560, payment and insurance. My husband earns about $ 450 per week, and I make about $ 150 per week working part time. So, intelligent or stupid to get home?

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