Q&A: Do You Need a High Income to Buy a House?

Last Updated on April 4, 2023 by Lamudi

There are no set income requirements when buying a house. However, it’s wise to have more than enough money for a smooth buying process. You may think you need a high income. While that is ideal, it’s not required.


It’s not just a question of how high or low your income is. When buying a property, you also need to consider stability. Even as a mid-level income earner, you can fund a home purchase with a stable job. 

Before diving deeper into the buying process, let’s go through the home options for different income levels:

3-Bedroom Townhouse Near Metro Manila

The Nest Peaks merges the perks of urban and suburban living (Artist’s Perspective).

Townhouses are among the easiest property types to obtain and are highly suitable for growing families with mid-level income. Townhouses are also more compact than single-detached houses, making them more pocket-friendly. 

A unit at The Nest Peaks by Firebird Holdings Corporation is one example. Located at the boundary of Marikina and Antipolo City, this property is ideal for someone with a family income of well over Php 40,000 monthly. Units cost Php 5.2 million to Php 9.4 million; buyers can make monthly payments more bearable by having a co-borrower.

House and Lot in Cavite 

A unit at Bermuda Residences is ready to keep up with your evolving family needs (Actual Photo).

At Bermuda Residences in Bacoor, Cavite, you’ll find a 3-bedroom home that costs around Php 5.3 million. With a lot area of over 100 square meters, this property would be spacious enough for young families. Trusted developer Firebird Holdings Corporation built this project to offer a mix of suburban and urban lifestyles, ensuring residents remain close to Metro Manila and its business hubs.

Corner House and Lot in Antipolo, Rizal 

Enjoy a lifestyle of convenience upon moving to a unit at The Nest Summit (Actual Photo).

Costs of corner plot houses are slightly higher than other properties. Nevertheless, the additional fee is worth it for those who want extra yard space with flexible use. 

In The Nest Summit by Firebird Holdings Corporation, don’t miss the chance to own a corner house and lot with three bedrooms, three toilets and baths, a service area, and built-in cabinets. Unit price ranges from Php 6 million to Php 9 million. 

It’s also located in Antipolo, Rizal, ensuring easy access to Metro Manila. The Nest Summit indeed offers that serene lifestyle without making you feel isolated. 

Two-Storey Home in Antipolo, Rizal

Living at The Nest Horizon is like an escape from the hustle and bustle (Artist’s Perspective).

In The Nest Horizon, you can own a well-spaced home near some of the most notable landmarks in Antipolo. These include Robinsons Place Antipolo, Clinica Antipolo, and La Salle College, to name a few. The most spacious unit in the community can cost up to Php 6.6 million.

Another two-storey house from Firebird Holdings Corporation is located at Kingsville Royale in Antipolo. With a floor area of 84 square meters and a contract price of Php 5.5 million, you can have a home that serves as your refuge after a hard day’s work. At the same time, it’s an investment that can potentially increase in value, thanks to its strategic and tourist-rich location.

Modern Home in an Executive Village

Salcedo Residences cuts down the years you have to wait to own a well-designed home (Artist’s Perspective).

Firebird Holdings Corporation likewise offers houses and lots in Vista Verde Executive Village in Cainta, Rizal. In its project Salcedo Residences, RFO units are available from Php 6.4 million to Php 7.2 million. They are notable for their spacious lot cuts, ranging from 79 to 106 square meters. These are ideal for upgrading families who need to move in as soon as possible.

Those who prefer pre-selling properties will also find ideal options in Vista Verde Executive Village. One of them is a three-storey house in Leaño Residences by Firebird Holdings Corporation. The lot area measures 108.5 square meters, while the floor area is around 180 square meters. Ample indoor and outdoor spaces allow future residents to pursue personal projects and pick up new hobbies. It can even house a multigenerational family, ideal for those who prioritize enhanced family bonds and convenient elderly support.

The developer is known for disclosing all total contract price inclusions, so you don’t have to worry about hidden fees later. For a house and lot that’s well worth your money, consider the options from Firebird Holdings Corporation.



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