I wanna buy my first home. I’m a 20 year old male. I make 20K a year and am aiming for a home in the 50K price range. Housing is really cheap in my area. My credit score is pretty good. 2 of the 3 were in the low 700s and the other one was mid 600s. I do have a cable bill that went to collections recently on my credit report. Which is what I think hurt me. I talked to a lender yesterday. She was really helpful in trying to get me approved but just couldn’t she plugged in many options for a loan, even going as low as a 35k loan and all were denied. She told me to try an FHA loan somewhere because that bank didn’t do FHA. What are my chances for getting an FHA loan when I couldn’t get a regular home loan? I have 7,000 for a down payment. I don’t have a very long credit history. If I can’t get a loan now I’m just gonna rent a place with my friend.