Benefits of Buying:
✅ Building Equity - Monthly payments build ownership rather than paying a landlord
✅ Stable Housing Costs - Fixed-rate mortgages lock in predictable payments while rents increase
✅ Tax Benefits - Mortgage interest and property taxes may be tax-deductible
✅ Freedom to Customize - Paint, renovate, and personalize your space
✅ Wealth Building - Real estate historically appreciates over time
✅ Pride of Ownership - It's yours—roots, stability, community investment

When Renting Makes Sense:
⚠️ Short-term timeline (less than 2-3 years)
⚠️ Uncertain job or life situation
⚠️ Not financially ready for down payment and closing costs
⚠️ Credit needs improvement
⚠️ Prefer flexibility and no maintenance responsibilities

For military families: If you're staying at JBSA for 3+ years, buying often makes financial sense. If it's a short assignment, renting may be better—though some military buyers purchase as investments and rent them out after PCS.

✅ Check Your Credit Score
Know your score and address any errors or issues before applying for mortgages. Higher scores = better rates.

✅ Calculate Your Budget
Use the 28/36 rule: Housing costs shouldn't exceed 28% of gross monthly income; total debt shouldn't exceed 36%. Online calculators provide estimates, but lender pre-approval gives you real numbers.

✅ Save for Down Payment
◾Conventional loans: 3-20% down
◾FHA loans: 3.5% down
◾VA loans: 0% down for qualified military
◾USDA loans: 0% down for eligible rural properties

✅ Plan for Closing Costs
Expect 2-5% of purchase price for closing costs (lender fees, title insurance, appraisal, inspections, prepaid taxes/insurance). Some can be negotiated with seller or rolled into loan.

✅ Build Emergency Fund
Homeownership brings unexpected expenses (repairs, maintenance). Having 3-6 months of expenses saved provides financial cushion.

✅ Reduce Debt
Lower debt-to-income ratio improves loan approval odds and borrowing capacity. Pay down credit cards and avoid new debt before buying.

☐ Do I have stable income and job security?

☐ Is my credit score 620 or higher?

☐ Have I saved enough for down payment and closing costs?

☐ Am I planning to stay in San Antonio for at least 3-5 years?

☐ Am I emotionally ready for homeownership responsibilities?

☐ Have I researched neighborhoods and schools that fit my lifestyle?

☐ Do I understand current interest rates and monthly payment implications?

☐ Am I pre-approved (not just pre-qualified) with a lender?

☐ Do I have a trusted buyer's agent to represent my interests?

If you answered "yes" or "mostly yes" to these questions, you're likely ready to move forward with your home search.

What Happens Next?

Once you've determined you're ready to buy:

Step 1: Get Pre-Approved
Work with a lender to verify your financial readiness and borrowing capacity.

Step 2: Schedule Buyer Consultation
Meet with Tami to discuss your goals, timeline, must-haves, and neighborhood preferences.

Step 3: Start Your Home Search
We'll set up a customized search and schedule showings of homes that meet your criteria.

Step 4: Make an Offer
When you find the right home, we'll craft a competitive offer and negotiate on your behalf.

Step 5: Inspections & Closing
Navigate inspections, appraisal, and closing process with expert guidance through every step.

Learn more about the complete buying process →