Depending on how poor your credit is, it could take 12-24 months (or longer) to repair it. And if you're still living paycheck to paycheck, you'll have to save up some money for a downpayment as well.
Your chances are good sir, maybe a housing counselor can assist better than a credit agency. I can tell you dozens of sad stories from consumers who have failed using credit counseling agencies. In my opinion, they just don't work. You may be surprised to know how fast you can heal your own credit and start utilizing your credit benefits towards a purchase of a new home. You have mentioned beling military, so maybe a VA loan or a Rural Housing loan could assist you in purchasing your 1st home.
Thanks for your service to our country and wish you success on purchasing a home.
Don't beat yourself up. Many people, particularly divorced women, are in your same position. And the current economy sure doesn't help. I would strongly suggest that you get in touch with the New Castle County consultant for first time home buyers. You can do this trhough the YWCA or N-Call in downtown Wilmington. I have a lender that I use frequently who also has this information. These organizations will counsel you as a first time home buyer and help you establish a budget and show you how to manage your money so you can get on the right path. Start right now by saving 10% of your paycheck each and every payday. Pay your bills on time every month... no excuses. Set up automatic bill paying on line - this can usually be done through your bank. Have your routine bills paid automatically this way, like gas & electric, phone, water, any credit card bills. ING is a great bank for establishing a consistent savings plan. Open an account there & have money automatically transferred to it every payday. You will be surprised how fast your savings will grow.
If you have any questions, please don't hesitate to email me at email@example.com. With a little resolve and consistency, you can do this!