VR,
You can still get a loan but it will be at a higher interest rate and have more points than if you were above 740. You could also compare a conventional loan rate with your credit score to an FHA loan and see which is a better deal for you. The credit score requirements are lower with an FHA loan, but the costs tend to be higher. I can give you referrals for lenders if you are interested.
Marcy

How soon are you planning to buy the Condo. We can try to do a rapid re-score and bring up your score.

With a 675 you can still get Conventional financing, you will just take a hit for the lower credit score. Instead of getting a 5.25% rate you will qualify with a higher interest rate. If you are buying a primary residence it may be better for you to do an FHA loan. By going FHA you will be closer to 5.5%, but that is still a good rate. In the mean time try to clean up your collection with PG&E and do a rapid rescore to boost your credit.