<prompt> Human: As the title explains, I am 19 and have about 30k in the bank with a consistent 3k monthly income. The reason for this post is that I am considering moving out of my parents but I would not do it unless I am paying towards my own property. I am not too familiar with the process of obtaining a loan which is why I am asking here but I am under the impression that the traditional way would be to build your credit score which can take years? and then apply for a loan by demonstrating a stable source of income, etc. is this correct? The problem for me with taking this approach is that I would like to obtain something within the next year. However, I currently do not even have a credit card, and I am not employed with anyone I am a freelancer. On the plus side, I dont have any debt, and currently save about 90 of my monthly income.Now that I provided some context, I am looking for a property that is at most 90k. In my desired area, there are plenty of nice homes around 110k, which could be negotiated down. So suppose I find a home at about 90k, I would then be able to provide about 65 of my current savings which is about 20k, and would need a loan of about 70k. Are there any institutions that could provide me with the cash? What steps do you guys recommend? I am pretty fiscally conservative and dont spend much at all, plus I have considered obtaining a roommate to split the costs so I am pretty confident that I will be able to make my payments.edit - As I have stated I am not too desperate on finding a home right away but given a good opportunity under 100k, I dont see a reason not to take it. My parents are close friends with a couple of successful realtors who would aid me in that respect. I also understand people who think I am not capable because of my age and they argue that I will be shackled to that property. Well, to play devils advocate my work is independent of location, and its very stable. Also, this is Florida I am talking about so I am sure the demand for renting is higher than most places, so I dont think I would have a hard time renting it out in case I decide to move... Feel free to chime in.Assistant: plus I have considered obtaining a roommate to split the costs so I am pretty confident that I will be able to make my payments.Whatever you do, dont do this.Buy a home in which you and you alone or with a married partner can afford the monthly mortgage payment by yourself.Ive written this in another post but it looks like youre on the right track to satisfying these suggestions: Find a homemortgage that is no more than 3x your salary. Save 20 down payment more like 23 because of closing costs and other fees. With 20 down payment factored, see if you can make the total monthly mortgage - which is principle interest insurance property tax HOA - equal to or less than 30 of your gross monthly income. Stay in one spot for at least 5 to 7 years. Mortgage can be a 30-year fixed with 3.5 APR or less. Only co-sign if married.And before anyone from LA, NYC, Chicago, SF, San Diego, Vancouver, insert expensive area chimes in on how this is impossible, the solution: save a bigger down payment andor increase income.Human: Well, I am not married, neither interested.. I understand that obtaining a roommate can become a headache but I wont dismiss that option. As far as the 20 down payment, I have that down. On a 30 year fixed loan with 3.5 APR I can expect to pay about 350 on mortgage plus about 300 more on utilities, etc.. Comes to about 6003000 20 of my monthly income, which is well within the 30 range and it doesnt factor what I could save from having a roommate. So now, that I know I can afford it, who do I get in touch with or what steps do I take to obtain the loan?  <response>: So now, that I know I can afford it, who do I get in touch with or what steps do I take to obtain the loan?You can call all the banks you like - none of them are going to give you a loan. You have no credit history, no employment history, and youre a teenager. A mortgage lender would sooner do business with a cocaine dealer. Rent an apartment if you want to move out. Buying a house at this point would be pure stubbornness on your part. You dont even have a solid grasp on what a house costs. The monthly nut is not simply the mortgage divided by the term. Theres taxes, insurance, maintenance. You have no idea how much your life can change at 19 - and you want to be shackled to a house you just bought? It can take a long time and cost a lot of money to sell a house. You are not in a position to buy a house. 