20-Year Old Needs Help Trying To Get FHA Loan
I'm looking to finance my first deal with FHA. I understand that I need 3.5% for the downpayment. Where I am having trouble is income, debt.and possibly credit. I went to college for one year and have a debt over $10K. I have no income for right now but looking at a part-time job soon. My credit score is in the high 500's because I owe college debt. The property I am looking at is very affordable and I believe now is the time to get it. Can I have my parents on the loan to make up for my income, etc? Any other advise would be greatly appreciated!