Am I financially ready to buy my first SFH

[Eliot Coulter]

Hello PB,

I’m eager to get my real estate journey started, but I want to be sure that I am financially set up to take on my first home.

I’ve been working hard to pay off all my debt and saving money for a rainy day fund. The only payment I have right now is a $460 monthly personal loan payment ($17,000 left, 2.99% fixed interest). I make about $5,000 a month, and my job is very stable.

How much should I have saved up to buy? I will be using the VA loan, so I won't need a down payment.

I’m excited to be part of the BP family and will appreciate any advice! Thank you!