u/engraveddave

Hello All,

I’m looking for some very general advice about what position you “should” be in in order to buy a house.

My spouse and I are on the fence currently and both searching for info.

The long and short of it is we earn ~170 combined in stable jobs, excellent credit, and have ~40 saved total right now. We live in a HCOL area and so houses at ~550 are our target. Using the calculators online We could potentially qualify for a mortgage that’s close to 4k which is right at 28% of our gross monthly, but also about 40% of our net monthly.

I’m having a hard time putting together whether this is fully reasonable or really stretching it.

Any advice or pointing to places that give general help would be appreciated.

Cheers,