Buying a house with initially one salary - is that possible?

Hello everyone,

We have to move out of our apartment due to lack of space. I am still at home without an employer until August (probably). My employment contract expired during parental leave.
My husband is permanently employed in the public sector.
About our current financial situation:
56k equity
My husband's income: €2200
Mine from 08.19 ~€1600

The planned maximum purchase sum is €320,000 plus additional costs.

Is there even a bank that would currently give us a loan with only one employment contract?
Is it worth looking now or do we have to be patient until I am out of the probation period?

And is the financing amount realistic?
We have a 1-year-old son and drive 1 car.

Thank you very much for your assessment

With your targeted purchase price, you need to finance approximately €300,000. At 2% interest and 2% repayment, this amounts to €1,000 per month. In addition, there are the operating costs for the property, let's say €400 per month. That leaves you with €800 per month. Would you lend money to someone who, as a family with a child and a car, has a maximum of €800 per month to live on (food, clothes, insurance, car, daycare, vacation, purchases, etc.)? This should answer your question briefly and clearly – albeit negatively for you. If the second employment contract is available, that is something else. Some banks accept the contract without the end of the probation period, but some do not. At least you should actually be working...

Do you already have something lined up from August or are you hoping to have found something by then?
We are in a very similar situation (I am also still at home with our daughter without parental allowance or similar until August). My husband currently earns about 2800 net. My salary will initially be only about 700€ because I am starting another training. We got a loan (310k) from our house bank without any problems, even though my husband has a fixed-term contract. The installments were set so that we pay a bit less during the next 3 years (i.e. during my training) than afterwards.
You obviously first need to figure out for yourself how high the maximum installment could be and then you can see if a realistic financing is possible.

I have a project of similar size, soon 1500€ more per month available and already find that borderline. Ok, I am alone, with two children, so not quite comparable. With your salary you can consider it, but before? No chance, I think.

Is the budget realistic?

A salary is definitely not an obstacle, we only had one salary back then as well. However, it was higher (2500 net), and the loan amount was significantly lower (210,000). Equity was only available to cover the ancillary costs, so 100% financing. But that was also before the tightening of the credit guidelines in 2012. At the follow-up financing in 2017, they really looked very closely and I was genuinely afraid for a while that we might end up without follow-up financing. Additionally, we have no children. I find even more credit with even less money quite borderline, I can see what was left over at the end of the month for us and that with only a 700 euro installment. Now with 2 salaries, life is clearly better. I would at least wait until the second salary is there. By the way, it's refreshing to read that not everyone takes home at least 4000 net, but that normal salaries seem to still exist.

I would not finance this amount with this salary. We financed €239,000 with a salary (back then still about €2700 net). 2 children. And in the long run, it is quite tight (bank repayment €1052). I am now going back to a mini job and by November at the latest working part-time with about €1600 net, and my husband now earns €3000 net. Then it is no problem anymore. But with your numbers: hands off!