Well, I applaud you and your husband for your ambition toward homeownership. By my estimation, you would probably qualify, if you can find a lender, for a mortgage of $450.00, which translates to a mortgage of about $50,000. Unfortunately, your score is on the low end but the good thing is that you can always improve your score. You may even want to check with the three credit bureaus to make sure their information is accurate. You have the right to challenge any information on your report. This is where I would recommend you start. You should consult with a mortgage company or your bank for more information. Please understand my opinions are based on my experience as El Paso Realtor and may not be completely accurate because I donâ€™t know what your debt/income ratio is.