Blanca,
I recently had some clients in the same circumstance. When they went to a lender to get prequalified, they found that they had too much debt and blemishes on their credit report.
They are now on a plan to pay down debt, keep payments timely and raise their credit score.
Depending on your down payment and where you want to live, you may find a home with a monthly mortgage similar to your rent.
Meet with a lender who will help. One step at a time you can become a homeowner.
Good Luck,
Johnny - Sat Jul 25 2009, 16:47