I have worked as a freelance web designer for 3 years before taking a salary job at a company 6 months ago. I have enough money saved up and make enough at this job to own a house but I doubt I will qualify for a mortgage on my own because while I was freelancing I was only making ~$25k/year. I am now making double that but only have 6 months history.
The problem is, the job is very far from where I live (about an hour each way). I have the money and want to find a house out there right away. I don't know if I just need 6 months more work history at this job before I could qualify on my own or if I need two full years.
Ideally, I would like to have one of my parents be a non-occupant co-borrower. My question is, if we did this would we HAVE to put down 20% or is it possible to put down less? And also, if I waited 6 months to make it a full year at the current job, would that allow me to qualify for a lower down payment on my own?