Recent College Graduate - What are my chances for a loan approval?I am a recent college graduate (May '12). I am thinking about buying a house and just want to know how realistic it is right now. Since graduation, I have been nannying but I am in the final stages of interviewing for a job within my degree field. The job would pay a salary around $35,000/year. If I do get the job, would the time I have been nannying post-graduation rule me out in terms of the standard 2-year employment?Also, I would be receiving the down payment from my parents. I understand that doing this pretty much narrows my options down to an FHA loan - which is my preferred loan, anyway. I am looking to purchase a house for around $120,000. Is this unreasonable? I have a credit score of 730. I have $25,000+ in student loan debt (with payments of $215/month right now); and a car payment of $168 per month. Other than that, I have no bills. I have plugged the numbers into numerous mortgage approval estimators and most of them seem to give me the green light for the range of home prices I am looking in. However, I know those are pretty generic and aren't tailored to individual situations.So essentially, I just want to know what my chances are for an FHA loan approval.Also, when it comes to checking bank statements in the loan approval process - what would be considered a red flag? I deposited $4,800 in cash in February -- my boyfriend had been saving it for quite some time and he didn't want to spend it frivolously and since I handle all of the bills, he gave it to me to take care of/pay bills with/keep out of his hands. Would the cash deposit be a red flag?Okay I know that is a lot of questions - I apologize! I am just wondering if I have too many situations going on (new job, past cash deposit) that would raise concern for a lender. I really, truly appreciate your help.Thank you in advance!March 07 2013 - Minneapolis00YesReport 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.