<prompt> Human: My Situation:Living at an apartment with a roommate, splitting 1200 in total costs a month. Im Self-employed 8000 gross revenue mo for the past two months, have VERY bad credit - around 530, but I have dad as a cosigner and he excellent credit. Ill have around 5,000 in cash for a downpayment, but have no history of W2s...Is there any possibility of being able to get a loan for a house in my situation?Bare in mind, Im going into this BLINDLY. I have NO idea what Im doing, so be gentle guys.  <response>: This is a terrible situation in which to buy a house.1. Do you know for sure youre going to be in this area for a few years?2. Your credit score is going to negatively affect your interest rate.3. Your lack of a significant down payment means you will have to pay PMI, adding to your costs.4. If that 5k is the only money you have saved up, that needs to be your emergency fund, not your down payment.This is not the best time for you to buy a house. Save up some more money, work on improving your credit, and make sure this is where you want to live for at least a few years. Then revisit the idea. 