Is it better wait and save more for a down payment?
If I were you, I would start looking. If I get a good house that fits my needs and wants, I would go for it. Yes, I will have to pay a PMI but that will drop off when I have 20% equity in the house.If you think you will be able to save enough in a year or two, you would always be able to pay it then and get rid of the PMI. Hope...