First Time Home Buyer?Hello, I am currently in the Riverside area. The company that I have been "with" for 2 years is looking to open another office in the Los Angeles area sometime this year, and they want me to manage it. (I say "with" because technically I am a 1099 independent contractor). My pay has been $45K, but since I will be running the new the office, I will be earning closer to $60K.I have a great rental history and the thought of home ownership has never seemed realistic, but with this pending move, I'm thinking why not give it a shot?The past year I have been trying to clean up my credit. My FICO score is around 647, with 3 open credit cards ($2000 total limit, run them up and pay them off every month), as well as an open car loan ($20K). Although the only collection/derogatory marks on my credit are from 5-7 years ago, I realize most of my "good" credit is fairly recent. (1-2 years)I was wondering if an experienced RE agent can tell me what steps I should take to realistically be considered for a decent loan in the next six months. I am looking for a 2br/1bath townhouse or condo in the Studio City/Sherman Oaks area. What sort of a down payment would I need? A co-signer isn't completely out of the question, but I would like to do this on my own if possible.March 10 2014 - Sherman Oaks00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.