Bank of America Home Loans does not have a specific minimum credit score requirement for an FHA loan so your scores as a whole would not be a hurdle to gettin you approved. However, your overall credit profile and application would be run to determine your credit worthiness. Medical collections are typically ignored so your goal would be to counteract the negatives with as many positives as possible. It can be a difficult process, I won't lie to you, but I will be more than happy to walk you through it.
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Bank of America Home Loans
If so, try to negotiate those collections, with your income I hope you could star paying off those one so your score star going up.
Have you tried a Secure Credit Card? This cards are very helpfull to create good credit. But dont think is going to happen in 3 months! If you have 3 good trendlines in 12 months, a no lates and no collections, I will say that your score could improve.
Negotiate, call them and if you owe 4,000, tell met, I have 2,000, do you want to sattle it? If they say yes, pay with a Electronic Check, regular check or your debit card but dont pay with money order since you might need proof of payment. Also, request a letter with a Zero balance.
If you want ot buy a house, don't get new debt and save all you can.