For a better understanding of your qualifications we suggest that you be in touch with several lending agents to get pre-qualified for financing. Always request a "good faith estimate" it is free and is a written account of the program(s) and rate(s) quoted to you by the agent.

Additionallly for a better understanding of the "First Time Home Buyer's Incentive" program please refer to this valuable site. It will answer most of your questions about the program.
http://www.federalhousingtaxcredit.com

Best wishes,

The Eckler Team
Michael Saunders & Company
941-408-5363

There are many factors that impact your ability to qualify for a home loan...and certainly credit is one of them. You can learn more about ways to improve your credit here - http://budurl.com/n7wt.

To find out for sure, you'll need to speak with a lender. You can start the pre-qual process from my site:
http://www.BotticelliHomes.com/prequalify.shtml