“I thought I couldn’t buy yet.”

It’s one of the most common things we hear from potential homebuyers, and most of the time, it’s based on a false assumption. Because while things like credit, income, and savings do matter, they don’t always mean what people think they mean.

Where These Assumptions Come From:

Buyers like you aren't making these reasons up. They've arrived at rational conclusions based on what they've heard on tv, social media, and from their circle of influence:

1. You need 20% down
2. Student loans will disqualify you
3. Your credit has to be perfect
4. You need a “traditional” income

Most of these statements have merit, especially depending on the buyer and their personal situation—but here's what you need to know about the mortgage industry: no two loans, and no two borrowers, are exactly alike.

The Most Common “I Thought I Couldn’t” Situations

“I have student loan debt”

Student loans are common, which is why they're factored into how loan originators evaluate your application.

Let us be the bearer of good news: Having student debt doesn’t automatically prevent you from buying.

“My credit score isn’t perfect”

There’s a wide range of loan programs designed for different credit profiles. While higher scores can potentially help with terms, you don’t need a perfect score to qualify.

“I don’t have 20% down”

This is one of the biggest misconceptions. In 2025, the majority of first-time buyers purchased with less than 20% down, depending on the loan program and their eligibility.

“My income is complicated”

Self-employed, commission-based, or variable income borrowers often think they won’t qualify, but we offer programs built specifically for these situations.

What It Really Comes Down To:

Buying a home isn’t about fitting a certain mold—it’s about looking at your goals and financial situation to figure out what works best for you. Your income, credit, assets, and loan programs all factor in to determining your best fit, which is why two people with similar situations can have completely different mortgage plans.

Why So Many People Wait Longer Than They Need To:

The biggest barrier isn’t always qualification—it’s hesitation and lack of education.

A lot of buyers spend months (or years) assuming they’re not ready, when in reality, they just need to talk with someone who can help them get where they want to go.

The Bottom Line:

If you’ve been telling yourself, “I can’t buy yet,” it might be worth asking a better question:

“What would it actually take for me to buy?”

If you’re ready to find out, click here to submit an inquiry! One of our loan originators will be in contact with you shortly.