Many a individaual who wants to have a home for the first-time buyers put down a minimum amount and buy a home using an bank loan . This means your home is leveraged, and you cannot immediately sell it and hope to make a profit. It's a commitment. A long-term commitment, in most markets

You need to live somewhere. If you can buy a home for around the same amount you would pay in rent, and don't mind staying put for a while to build equity, becoming a home buyer might be a good decision. You will make a good home buyer if you are:

If you are the type of buyer who says, "Every home on the market is overpriced; I'm not paying that much," then you are not conforming to the marketplace. Serious home buyers research the market and have realistic expectations.

Mortgage lenders want buyers to have a reserve. You should not take every nickel you can rub together and throw it into your home purchase. You will need a small emergency fund.

Homes require upkeep. You'll have a lawn to mow, windows to wash, furnace filters to replace, and you may need to tend to minor repairs from time to time.

If you don't have two years of employment at the same company, then two years in the same field will suffice. Lenders/banks expect to see stability in your job or profession.