Homemakers and FHA/FHA203K Loans

[Ana M.]

Hello everyone!

I'm currently in Indianapolis, Indiana and I'm planning out my future house hacking journey before I leave Cosmetology school around September 2020( I started school around June 10th 2019 and I'm currently on leave due to some health issues).

I've been a unmarried homemaker for the past 3 or 4 years, I'm currently building my credit (I'm around 600 so far), and I plan on working part time as soon as I graduate from beauty school. I don't have much in savings as of now but I don't plan on purchasing anytime soon until I do have a decent savings.

I'm on the journey to have multiple streams of passive income and eventually replace my part time income as time goes on in my real estate journey.

My question is, can someone with a very limited work history qualify for an FHA or FHA 203k loan? Could I apply for one of those loans if I've been on the job for 6 months after leaving cosmetology school?

Thank you and I appreciate the feedback!