I bought a house over a year ago with deferred action with a USC as a co buyer. You can do it. It was difficult and I had trouble explaining my work permit. When they told me they couldn't, I was prepared I had read the FHA guidelines, so I just corrected them and told them to read page # blah blah. Best of luck. If you have any questions, please pm me. Btw I'm in Texas.
Went through FHA and RoundPoint mortgage, my credit wasn't strong enough for Chase and I went through a broker. FHA, 30 year, 3.5% interest.
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Date Application Sent -8/18/12
The Lockbox the application was sent to - Dallas Lockbox/Nebraska
Mailing Method (Express, priority, certified) etc. - USPS Express Date delivered - 8/20/12 Biometrics-9/17/12 Approved I-765: 10/31/12 Yay! I821-D Approved 11/1/12