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Buying a house while homeless

Seeking advice here- does a homeless person have a shot at getting approved for a home loan?

I am 24f and have lived in my car for over 3 years now. Long story short, I spent a good while fucking around and finding out. Recently I have been getting my shit together and I work full time bringing home about $800/week ($1030/week gross). Because I live in a car, I have minimal bills and can pocket most of my check each week, so I’ve been saving thousands per month since I started this job. I owe about $3000 on my car and I have around $3500 in cc debt that I’m paying down, and then my only monthly expenses are car insurance ($150) and gas (~$200). Technically, I could pay off both right now.

In my head, I should be considered an excellent candidate for a mortgage- good credit, will have all my debt paid off, large savings/down payment available, etc- but I have a feeling it won’t play out that way. I’m not trying to buy a house tomorrow or even this year, but when I do, will they laugh and dismiss me from the start? What are the chances that I will be given a chance?

The last thing I want to do is sign a lease and pay rent for a year or more just so I can get approved for a home later on. I’d rather live in my car indefinitely than throw away $2000/month on some place I’ll have to leave eventually.

submitted by /u/ghostyginger
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source https://www.reddit.com/r/RealEstate/comments/y9r1ce/buying_a_house_while_homeless/
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