Entering the real estate market at 19

[Colton Pickett]

I would like some input on this...

Currently I am building my credit score and have two lines of credit. (Credit card, car loan)

Currently I'm still living with my mom.

My credit score sits at roughly 660 right now.

My car loan is $213 per month and credit line is $200, which I utilize 10% of every month paid on or before time every month in full.

Assuming as I'm so young I have lower income than most. About $20k a year.

Me and my older brother want to get a house and for clarity I would like to know if we could both do an FHA loan together, combinding our income, credit, DTI, and employment history. I understand that this loan is for "riskier" borrowers but assuming all checks out and we have enough for a down payment and are able to meet monthly payments could we also rent out any other available rooms?

Eventually we want to occupy the residence then after a year possibly rent it out.

We are of course looking for a single family home.

If FHA isn't the way to go, what would be best for first time home buyers that eventually want to build a portfolio over time?