as Shane said, it might be beneficial to speak with a credit counselor. I noticed you are in Little Rock. I'm just up the road in Cabot and know a gentleman that is great at getting credit restored. If you are interested in taking that route, please let me know.
Best of Luck,
Have you run any numbers to determine if your husband's income can qualify for the price range of homes you'd be interested in buying? With a 700 score your options open up quite a bit.
If you choose to eventually proceed with just your husband, keep in mind with pretty much all loan programs you are still permitted to be on the title of the home, so if that was a concern, you'd have no "ownership", then it's a non-issue with most lenders (it's always a good idea to ask anyway).