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Am I financially ready to buy a house?

I've been wanting to buy a property for a long time but being in the mililtary made me not do it before. Now that i'm out of the military, I've been re-assessing myself if i'm financially ready to do it. I'm currently living in Oahu and plans to stay here for as long as I can. It's very expensive here compared to other states but I think I can make it work.

I'm single and currently makes $119K. I have $100K in savings that can cover some of my downpayment. I have $90K in my TSP and $25K in my Roth IRA, which I can borrow money from if needed. I have no debt since my car is paid off and I pay off all my credit card every month. My credit score is 800+ last time I checked.

I'm looking to buy a 2br townhouse around $500K with an HOA of $512. The lender gave me an estimate mortgage of $3300 monthly for a VA ARM rate of 5.25% with a 10% down.

With all these in information, will I be fine financially if I decide to buy? I'm thinking that if things gets worse, i can house hack and get a roommate.

The worst thing i'm scared of is being house poor. I missed out on a lot of things when I was younger just so I can have this much savings and don't wanna lose it because I bought a house at the wrong time.

submitted by /u/Fit-Media5060
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source https://www.reddit.com/r/RealEstate/comments/1qvig9q/am_i_financially_ready_to_buy_a_house/
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