Personally, if it were me, I would spend the time while you both wait to go to NP school, to pay off any debt you have(credit cards, loans, etc), and not buy a house. If you need to downsize into something smaller and more affordable, do so, and save more money. If you don't have any debt, cars included, and put any extra money you have into savings. This will help ALOT when you have to reduce work hours or quit working altogether. I highly recommend Dave Ramsey. Also, another reason why not to buy a house, is that when you both are finished with your programs, you may not be able to find jobs in your current location and may have to relocate.