For Amanda, the time was right to buy a house. At 30, she felt ready to take that next step: she was making more money at a new job, and she found a place she was excited to make her own. But Amanda worried that the new job that made buying a home more affordable could jeopardize her chances of getting a loan.
“Because my new job was in the same field, and my salary had increased, my loan officer said it wouldn’t be a problem,” says Amanda. She put 5% down on her home and used private mortgage insurance.