Back to Results
Our first baby is due this October. We are planning on me being a stay at home until our kids (we are hoping to have two back to back) are at least in Kindergaten. This means that starting this fall we will be living on my husbands income alone, 80k. We are currently living off of his income and using mine to pay off debts and start some savings. By August all our debts will be paid off, however, we will only have about 5-10K in savings. Should we press ahead and try to buy a home while I still have an income to put down or should we wait until next year when we will have 15-20 grand in savings but only his income to put down?
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
Mags, even without your planned long term leave from earning income, its still a good idea to budget your purchase using only one income in a dual income family given the current environment with layoffs/high unemployment. If you do consider purchasing this year, I would also take into consideration, the stability of your husband's employment when deciding whether to purchase now.Best of luck with the purchase decision as well as with the upcoming addition to your family!
Forget about the qualification process for right now. Create a budget for yourself with your numbers, not the lender's numbers. Based on that budget, what payment do you feel comfortable with? The answer to that question should tell you how to proceed.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $489,900
For Sale: $10,000
For Sale: $249,900