I'm not saying it isn't possible, but it's on the other side of, "wise."
Keep working, save some more dough, think about taking on that sort of commitment after you've been on the job for a while.
All the best,
FHA requires 2yrs in the same line of work. If you were in school and go to work in your field of study then that schooling can be considered a continuation. In other words.... you go to school to be a teacher and then get a teaching job you can buy after you get your first paycheck.
Conventional does not have this 2yr requirement.
Co-signer doesn't help. Co-signer can only add income. You still have to qualify on everything else.
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There are always exceptions, but most lenders will need to see a good pattern on your employment, thus the 2yr history. Those exceptions might include if your putting a lot of money down (20%) or specialized employment such as a teacher, police officer, etc.
I would advise to keep saving money and work on getting that credit score up. A lender can advise you on how to do this (possibly opening a credit card to show small debts being paid off).
I would look again in about 12 months (or a year and a half on your current job). Interest rates should be not much higher and there will still be a good inventory of homes to select from. I have lenders on my web site that have private investors that might work with you now, but be prepared to put more money down and pay a higher interest rate that what is being offered by most lenders.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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