<prompt> Human: Hi PF, time for an age old question. My husband and I found the perfect home in a location we would like to settle down in. It is 349k. Before taxes we make roughly 120-130k a year. With taxes it would be about 2100 I think. The only debt we have right now is a personal loan, which we pay 600 a month and the interest rate is less than 1. We will probably rent this home out until we are ready to move into it. My husband is in the Army so our housing is covered until then. If we cant afford this home, how do I know how much we can afford?Assistant: Purely comparing the house price to your income, yes you can afford it. However, ideally you should be able to put down a 20 deposit and still have six months worth of living expenses available after closing costs.How did you get a personal loan at less than 1 interest rate?Human: Truthfully, I dont think we have 20. We were thinking of using a VA loan which doesnt require a down payment but we would definitely put one downThe personal loan was a career starter loan through my husbands college  <response>: VA loans require that you occupy the property within 60 days of closing. Anything beyond that its considered a rental property and the new VA loan could be called in and foreclosed upon. 