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Comment by Bostonian | Hacker News Reader

I don't understand the question. If you have enough money for a down payment, and you have a stable job, being 20 is not an impediment to getting a mortgage and buying a house. Housing prices differ greatly across the country, which affects how easy it is for young adults to buy homes with parental assistance.

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Yes, sure, but how would YOU do it ? And please be as creative as you wish and don't confine yourself to California :-)

Hope that cleared it up a bit.

>be as creative as you wish

I don't think this is an area where creativity expands the existing options. If you have a stable job you will likely be approved for a mortgage. It might not be enough of a mortgage to afford a home in the city or even state that you want to buy. People who buy houses very young usually have generational wealth, even if it's just a parent who co-signs the loan.

Down payment is useful but not necessary. I've bought several houses (just one at a time) with $0 down payment.

FHA loans exist to help lower income people become home owners.

Contact a mortgage company or mortgage broker and provide your w2s, tax returns and bank statements for the last two years and get a pre-qualification letter. Then go on Zillow and find houses for the loan amount and make a bid.

I would go to the bank and get pre qualified for as much as I could. Then I would look for a house.

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