Share this article!

If you have a stable job but are earning less than you’d like, you might be concerned that this can impede your ability to purchase a home. The good news: There are mortgages and assistance options that can help you become a homeowner, even with a low income.

Can I buy a house with a low income?

The short answer: Yes, you can buy a house with a low income, thanks to mortgage programs designed for lower- to moderate-income borrowers.

“Having a low income can increase your debt-to-income (DTI) ratio. This limits some of the loan program options you may be eligible for, but it does not mean you absolutely cannot buy a home,” explains Balenda Hetzel, regional production manager with Inlanta Mortgage, which is headquartered in Pewaukee, Wisconsin.