Buying First Home

Hi everyone, just looking for some quick advice on buying a first time home. I’ve head mixed things and just was hoping someone had the right route for us. I am 27m 80k a year salary and wife is 26f 50k a year salary. We have some debt but over DTI Ratio is like 25% total. Both of our credit scores are 750+. We have 15k saved and I have 20k I can pull from my 401k for down payment is this all feasible for a first time home purchase of $225,000. I’m already paying 1600$ in rent so does it make sense for us to just purchase a home? Also, what is best first steps. We both bank with chase and some homes we have looked at offer in house financing but when I crunch the numbers I’m not sure best route. Any advice would be helpful thank you!

Posted Aug 7, 2025, 12:47 AM UTC

18
Loading comments…