If you can, now is the best time to buy with rates a low as they are. In 2 years time, rates could be back up to 7% and 8%. As of today they jumped to 4.4% You can easliy afford a home up to 250K depending on your debt to income ratios. If you want to go USDA you need very little out of pocket to purchase a home. NO down payment loans! Better than FHA right now. We wanted to jump on this great time to buy our home. Everyone is different and has plans. We bought new cars last year and when I saw how great the market was with rates I worked hard on getting my scores up to buy a home.
Your scores a great and can easliy get a home. Might be something to think about seriously, 
@sugspc1 wrote:If you can, now is the best time to buy with rates a low as they are. In 2 years time, rates could be back up to 7% and 8%. As of today they jumped to 4.4% You can easliy afford a home up to 250K depending on your debt to income ratios. If you want to go USDA you need very little out of pocket to purchase a home. NO down payment loans! Better than FHA right now. We wanted to jump on this great time to buy our home. Everyone is different and has plans. We bought new cars last year and when I saw how great the market was with rates I worked hard on getting my scores up to buy a home.
Your scores a great and can easliy get a home. Might be something to think about seriously,
Thank you so much sugspc1
People told me that as well that this is the best time to buy a house. I wish we can just buy one right now but at least we have a plan. We never thought to settle down at a certain place before, we occasionally relocate to new place every few years.
@breedo wrote:With credit and income like yours you could most likely get a conventional mortgage with little down. My credit union, for example, is doing conventional loans with 5% down. As others have said, great time to do it. Whatever you decide, good luck, keep that credit good and you'll be good whenever you decide.
Thank you again breedo,
You are right, I know we can rely on credit union. We decided to take an auto loan from credit union as well, in order to enrich my credit profile ...but for some reasons when the auto loan account was addedd, my score dropped 11 points. Hopefully it will eventually goes up as we pay. We plan to be out of the country next year for 4 months....that's one of the main reasons we want to wait till we come back. And hopefully the rate won't go up dramatically by that time 
@aussiesareforever wrote:There are also conventional loans with 3% down that you probably will be able to qualify for with your score. My midscore was 725 and I qualified for that via my mortgage banker
Thank you Aussie, that sounds really good 
I get really excited and impatient everytime I know that my husband and I can possibably walk in and get something. Well, time goes fast let's see what will happen. 