It is not hopeless.
Here are just two examples of individuals I am currently working with.
My friend had only $8,750 to his name but didnâ€™t want to miss out on the next real estate boom so he called several lending institutions and walked out with a pre-approval for a $290,000 FHA loan requiring only 3.5% down. He is currently in escrow for a home valued @ $300,000.
A recent graduate with a $20,000 student loan, two years into her first job earning $45,000/year, $30,000 in savings, and in her first year of a Masterâ€™s program also didnâ€™t want to miss out on the next real estate boom so she applied for a home loan with a lending institution and is now pre-approved for a $300,000 conventional loan with 10% down payment. She is currently looking at homes in Kona, Hawaii.
I don't know if you will be able to buy a house. But, you first have to contact a lender to find out.