Obtaining a First Time Home Buyer Loan

[Madison Frericks]

Out of curiosity, if anyone feels willing to share. How much were you making an hour/a month when you obtained your first house loan. I am sure I would be able to cover the 3.5% here shortly, but I wonder what my chances are for obtaining a loan based on how much I make a month. I am a 19 y/o working in the beauty industry making about $17 an hour atm. (Not including tips) I prefer to learn from others and their experiences. I plan to house hack my first home, to bring my mortgage payment down to very little every month, but even without doing so I have no doubt I could cover it. But I know loans can be trickier to get than just "knowing I could cover it". Curious to hear from others and how this went for them. 

From one rookie,

Thanks!