I am thinking you and your friend has your priories in the wrong place.
You both have part time jobs and is trying to support 5 cats and yourself. This make no financial sense.
Even if you are able to qualify and purchase a house, your new neighbors would complain about the cats in and around your house.
Pets are fine and, you will find that most people love pets of some kind, however, you want to move 5 cats into a neighborhood.Do you realize the noise and mayhem these five cats will cause in the neighborhood? You are pushing your love for cats on
your neighbors and expect them to have the same intense feelings you have.
You might move next to a senior citizen. They do not want to come home and find your cats walking around in their yard or hear the noise they make at night.
You are being very inconsiderate of your neighbors.
Eventually someone would set traps, capture your carts and send them to the local pet control facility of your city.
You might also be careful where you move, there are some homeowner's associations that do not allow this many pets. Yep you got it there are some places that you buy where you have restrictions on the number and type of pets you are allowed
As to the qualification of purchasing a house, you and your friend would need to qualify for the house you would want to purchase.
#1. Both would need to be employed in the same career field for 2 or more years
#2. Both would be required to produce
A.Pay stubs that would cover one moth.
B. 2 years of filed federal income taxes for the both of you
C. 2 years of W-2 forms for the past 2 years for the both of you.
D. You and your friend would need to have on hand in a bank or some financial facility enough funds to cover the down payment and closing cost of the sale transaction.
You are allowed to use funds from your 401K as a down payment. You would have to check with your 401K fund manager to see what the procedure and process you would need to use these funds from this account.
These forms will get you started on your application in applying for a mortgage loan. You would need to contact a local mortgage lender complete the mortgage loan application and be pre-approved for a mortgage loan.
This pre-approval would tell you the amount a mortgage lender would lend you to purchase a house.
Once you have your pre-approval in hand you would need to contact a real estate agent to assist you in the purchase of a house.
I hope this has been of some benefit to you, good luck.