u/squishy_lizard24

Hubby and I are looking to buy a house for around 200k-250k with between 2-4 bedrooms 1-2 bath. Luckily in our area there are a lot of options for this, so finding a house wouldn't be too complicated. We just don't know if we would qualify for a mortgage.

The situation:

We currently both do part time college, part time work. We are both on scholarships that pay 100% of tuition.

We have $0 dept and no expected oncoming debt in the coming years.

Between the two of us we average 2.3k/month in income (we are currently living with my dad which makes this possible for us right now).

Hubby has either an 800 credit score or extremely close (think 780 or 790), and I do not have a credit score because I have never had a credit card (yes, I know this is something I should do probably asap).

About 20% saved up for a downpayment in our price range. Still some left over for an emergency fund.

We plan on having a friend move in and renting a room from us. Potentially two friends if we get a 4 bedroom place. This would undoubtedly help with monthly costs.

Realistically I know we couldn't qualify making around 2k combined a month, so the question is how much more income would we need considering the good credit and $0 debt?

Would 3k be enough to get approved? 4k? Do lenders require a full time job vs one or two part time jobs? Will I need a credit score too if I am to be included on the mortgage and the deed of the house? Anything else that's not on my radar yet?

Does anyone have tips for jobs to get while pregnant?

I am a substitute teacher most of the year, but of course during the summer there is no school.. and where I am at I just simply have to take summers off. This is great, except for no paycheck (I work hourly). Luckily hubby works year round so that helps a ton, but I still need something if I can possibly find it.

I am currently too far along for employers to not notice that I am pregnant during an interview (29w 1d), and the last place I had an interview with did not even call back (a daycare) despite a really great interview.

Are there any inconventional options yall have tried to make some money on the side?? Possible state options for unemployment or some sort of help? (We are in NM)

Side note that I am in college and do not have a degree of any sort yet, although I have lots of experience with kids and youth. My degree will be in psyc, and I am nearly finished.

I love the outdoors, but energy is low right now and it is HOT out there.

I would be open to just about anything at this point.

I'll try to be brief as this is a pretty complex situation.

My husband and I (mid 20s) moved in with my father (Mid 80s) nearly two years ago following my youngest sibling leaving home for college. My siblings and I all grew up in this house and it's been in the family for 20 years. It is a large house on a half acre with one fully finished upstairs, and a basement the same size with only our bedroom finished and the rest unfinished.

When we moved in, we planned on staying with my dad to help take care of him and the house, to be close in case of emergency, and in case he were to ever fall. The plan is to stay with him until he passes away. Mind you, my father is in incredible shape for being in his 80s and doesn't require any help or support other than some occasional company at this point, so we are anticipating 5-10+ years left here with him. Plan was to stay upstairs with my dad sharing living spaces and a kitchen.

Due to some family circumstances and clashes with my dad, we are having to make our own space downstairs if we will continue to live there. This would include finishing the basement to have a bathroom (we already put this in), a kitchen, bedrooms for future kiddos (we are currently expecting), and a living room space. This would be 100% funded by us and our savings.

We felt comfortable with this because my dad has mentioned casually that we would inherit the house, so we were confident that we would be investing into our future while still making things comfortable for our family and my dad at home. However, lately he has mentioned that he wants my siblings to split the inheritance of the house equally, and also that no one might inherit the house due to my mom (60s, legally seperated from my dad) having a clause in the settlement agreement that she would get the house upon his death.

In short, we are worried about putting all our savings into my dad's house with no guaranteed way to get it back, and/or loosing it all upon mom getting the house (which she would sell, and we couldn't afford to buy from her). I would rather keep it for a downpayment on our own place if we get no return from staying here.

Dad has a will from 20 years ago that presumably willed everything to my mom as they were happily married at the time. I didn't know the will existed until about a month ago. As a major procrastinator he is unlikely to make a new will anytime soon.

We do not pay "rent" but do pay utilities, in addition to groceries for my dad and cleaning out previously mentioned unfinished basement (20 years of trash, junk, and bugs), and doing general chores and maintenance around the house (ex. Fixing sprinklers which out of our pocket as well)

No contract exists between us and my dad.

Is there any reasonable legal way to get compensated for hundreds of hours spent cleaning the basement, working on the yard, and building additions to the house? Especially when this would have had to be a payed service (cleaning basement, lawn work, construction of unfinished basement, etc.) if we did not do it?

Could a new will potentially overrule what is written in the settlement with my mom and will the house to us or a split with my siblings?

Are there any legal grounds for us getting reimbursed through the eventual estate for the money we will have put into the house? (Ex. Unjust enrichment with his house gaining up to 100k+ in equity from our remodels)

LOCATION: New Mexico