Homebuying Age: When Is the Right Time to Buy a House?

There’s no magic number for homebuying age, the point in life when someone makes their first major property purchase. Also known as first-time homebuyer age, it’s not about being 25 or 35—it’s about having the right financial footing, stable income, and clear goals. Many people assume you need to wait until you’re settled in a job or married, but that’s not always true. In fact, people in their early 30s are now the most common buyers in cities like Mumbai, not because they waited longer, but because they planned smarter.

What really affects your ability to buy isn’t your age—it’s your mortgage eligibility, the set of financial rules lenders use to decide if they’ll approve your loan. Lenders care about your credit score, debt-to-income ratio, and how much you’ve saved—not your birth year. A 28-year-old with a steady job and clean credit can qualify faster than a 40-year-old with high debt. And in places like Mulund, where property prices are rising, waiting too long can cost you more than waiting a few months.

Then there’s the property purchase timeline, the full process from saving to closing, including inspections, paperwork, and loan approval. This isn’t a sprint. It takes 3 to 6 months on average, even if you’re ready to sign on day one. That’s why people who start saving early—even if they’re not ready to buy yet—end up ahead. They build credit, avoid impulse decisions, and know what neighborhoods offer real value.

Don’t let myths hold you back. You don’t need to be 40 to own a home. You don’t need to wait for a raise or a promotion. You just need to understand your numbers. If you’re thinking about buying in Mulund, look at your monthly savings, your credit report, and what you can realistically afford after taxes, maintenance, and EMIs. The right time isn’t a birthday. It’s when your finances line up with your goals.

Below, you’ll find real stories and data from people who bought at different stages—some in their 20s, others after 40. You’ll see what worked, what didn’t, and how location, income, and timing shaped their choices. No fluff. Just facts that help you decide when it’s truly your turn to buy.