Home Buying & Selling
August 17, 2021

Signs You’re Ready to Buy a House

Are you finding yourself browsing homes for sales a little more than usual? Or maybe you keep daydreaming about an extra bedroom or anything else that might improve your living situation? Either way, when you’re asking yourself if it’s time to move, here are some signs that might mean you’re ready.

You Need More Space

Whether your family is growing, you have a new need for a home office, or anything else that has you needing more space, this is a good sign that you might want to think about buying a larger home. If you feel like you could use a bigger house and you want to learn more about what you can afford, reach out to one of our helpful Loan Originators who will be happy to answer your questions and guide you to the perfect solution for your needs.

You Need Less Space

Maybe you’re entering the “Empty Nest” stage of your life as your children move out of the house and you find yourself needing less space. If this is the case, now might be a good time to consider buying a smaller house.

You Have Enough for a Down Payment

Simply wanting to buy a house isn’t always enough to do so. Your finances will need to be in order. Having money for a down payment is an important aspect of buying a house. How much you might need for a down payment depends on your specific situation, and our Loan Originators can help you figure this out. That said, knowing you have enough money for a down payment is a great sign you’re ready to buy a house.

Your Credit Score is in Good Shape

It isn’t a requirement to have a perfect credit score if you want to get a mortgage but having a higher credit score will give you better chances of being approved and obtaining a favorable rate. If you aren’t sure that your credit score is high enough but you still want to buy a house, read our blog about what to do when you want to buy a home but have a low credit score.

You Want to Settle Down

If you know for sure what city or town you want to settle down in and you don’t have plans to move out of the area, this might be a clue that you’re ready to buy a house. Take your readiness to put down roots as an indicator that it may be time to buy.

You’re Sick of Renting

If you’re tired of all the negative aspects of renting – paying someone else’s mortgage, loud neighbors, or not being able to personalize or upgrade – then this might be a signal that it’s time to purchase a house.

Time to Move

If you finished this list and are still wondering if it’s time to move or you’re ready to learn more, be sure to contact us now. Our experienced Loan Originators can help look at your unique situation and determine the best product for your home financing goals.

Ready to get started?

Homestead Funding offers exceptional customer service and a convenient mortgage process. Whatever your financing needs, our goal is to exceed your expectations.