<prompt> Human: My wife and I both age 23 have been renting together for the past two years and have started discussing buying a house. We do not plan on having kids for at least 4 or 5 years. We have done some house hunting in our area and we are looking at houses between 90,000 and 120,000. We have been approved for a 140,000 loan.Our Current Pretax Income My Income: 55,000year. Her income: 20,000 student but will be 34,000 starting this August. Total: 89,000yearCurrent Savings Checking: 14,000 401k: 1000 just startedLarge Monthly Bills Her Car Payment: 258 3.75 w 6000 remaining My Car payment: 200 0 paying my dad 4200 remaining Rent Utilities: 750 My Student Loan: 350 4 w 30,000 remaining more info below Grocery: Approx 220month Cell Phone for both: 80month Gas and gym membership paid for by my workNormally, given this information, I would say that we are NOT ready to buy a house, and it would be wise to pay off all debt and save 20 of the house value before purchasing a house. However, our families are willing to help us a little bit. My dad has offered to pay off sallie mae for me and have me pay him directly instead at basically a tiny 1-2 rate, just as I am doing with my car loan. The reasoning for this is that my grandfather did the same for my parents. In addition, HER parents are also very supportive and are willing to cover the down payment for us, up to 20,000, to be paid back at a later date with negligible interest. Both of our relationships with our families are great so we are not worried about family disagreementsarguments or anything. After this initial help, we are on our own as far as payments go, ect. My question: Should conventional house buying rules apply here, and wait to save more moneypay off our debts first? Or should we take advantage of the financial help being offered from our families? Please let me know if you would like any additional info.  <response>: Id be patient and wait till your spouse is employed full time. In the meantime work at saving up 20 down. Its nice that your family is there to help you, but youre at a point in your life where I feel it is important to be independent. Im sure that your families are the exception, but Ive heard countless tales of well intentioned family financial assistance gone wrong and relationships damaged. 