Even under those circumstances you still may be able to qualify for a loan. I have a client who is in a similar situation as yours and we just got them a loan. We are currently in escrow now on a home that got accepted and will be closing by month end. Let me know if you need further assistance.
Depending on your credit, income, desired home location, employment etc. there are programs available from LA & surrounding cities, LA County, the state and even the federal govt that could help you out. Working with a Realtor and Lender who specialize in First Time Home Buyers will help you to identify which programs might work for you. Let me know how I can help and Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty
Yvonne Baker, Real Estate Consultant