The good news is that with today's interest rates, you can still get a great deal with a credit score lower than 700!
When we bought our first home (in Indiana as well!) we had a credit score of 680, and were still able to get a 3.8 interest rate. They're even lower now!
Building it back up again can take some time, but it's not too difficult! My husband and I just made small, frequent purchases with our card, and then turned right about and paid them off. Within no time at all it went from under 700 to 800+!... more