What can one do to become a homeowner?
To become a homeowner, one should have stable finances, both in
the recent past and foreseeable future. This means having a
continuous, reliable source of income; being employed continuously
for the last 2 years even if not in the same job and being likely
to continue being employed; having a checking and/or savings
account; filing an income tax return with the IRS each year; paying
bills on time and having a good credit score; having manageable
total debt; having enough money saved for a down payment, closing
costs, and moving expenses; and having enough probable future
income to afford both the mortgage and other home-related
expenses.