My (25f) and I (29f) are in a tight position.
She needs to move out of her parents home in a few months. I don't have space in my small place for us both and will need to move soon as well (landlord selling). We started a business about a year ago and poured most of our savings into that, leaving only around 5k left. We weren't expecting our living situations to change at the time.
We don't want to rent as it feels like throwing away money with nothing in return and makes it tough to save, especially in our area (MA). We also operate a mobile business and need to store our trucks wherever we live. With most of the business loans in my name I think I'll have some trouble qualifying for a mortgage in general.
My gfs grandmother offered to cosign with her on a home to help us get one however with only 5k to put down and a relatively new business, I'm sure many traditional lending options are out of reach for us.
Does anyone have suggestions for what we could try?
Tl;Dr: we have a 1 year old business and only 5k left to put down on a house but need a home. What are some options?
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source https://www.reddit.com/r/RealEstate/comments/13pnbci/need_to_purchase_a_home_but_i_have_a_new_business/
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