<prompt> Human: Hey all, Im 25 with horrible credit in the low 500s, my girlfriend is 23 with fantastic credit in the high 700s, and were looking into purchasing a first home. We currently have a combined income of about 65k, and her grandfather is willing to help us with a small down payment weve been thinking around 5 just to keep his investment low. My girlfriend will be graduating from nursing school with her RN in a little over a year, so our income should increase quite a bit then.Were in Nashville and the housing market here is insane, but renting is even more insane. As such, weve been scouting a few houses and for what were looking for 1200-1500 sq ft with a yard, 200k seems about the norm. We currently pay almost 900month for our 800 sq ft. apartment, before utilitiesrenters insurance, etc. Wed like a mortgage payment with homeowners insurance, etc to stay less than 1000month. What are the best options out there for a young couple like us who may have sketchy credit with a small down payment? Ive read mixed opinions about FHA loans on this sub, and honestly, it doesnt seem like PMI combined with the mortgage rate from a small down payment would work with our budget.Any additional insight into what we should be wary of, or if were being complete idiots for thinking we can make this work at this juncture at all, is greatly appreciated. This has been a long, ongoing conversation between us for a few years now, so any advice is invaluable!  <response>: IMO yall should keep renting while you work on your credit score the both of you work on saving up an emergency fund and a down payment. 