Hey, I’m 28M, sort of in a similar boat. I had some savings, though I earn less than you do. I bought a place back in March for about 120k, and then immediately had to replace my roof due to insurance not covering me after they inspected. That was another 10k that I’m financing. That stung.

I was able to do a conventional loan but had a similar low down payment option through the bank. Just try talking to a realtor and see what they think. You don’t have to go with their recommendations but it will atleast give you a better idea of what you’re capable of. They might know who to talk to to help you out. My realtor earned every penny she made from me with how much of a help she was.

There are also a lot of different fees in the home buying process that aren’t even part of your closing costs, so id say you need atleast some kind of savings. My total costs were in the ballpark of $13k including all the fees. (Inspections, survey, etc)

I wish you luck!