Of course the first thing to do would be to talk to a Loan Officer and get a pre-approval. If the pre-approval can't be obtained, you should get some advice on the steps to take to fix your credit. A good loan officer should be able to advise you. You might be able to get owner financing, but most owners do not want to carry a loan for 30 years. Then this takes back to step one, the loan officer should be able to tell you how long it would take to repair your credit, according to the steps he'll tell you to take. Example: if it takes you one year to repair the credit and be in the position to obtain a loan then, you might want to try to get a seller to do owner financing for that year and then you can apply for the loan. At settlement the owner will be paid in full. You could also enter into a contract to purchase the property at the end of one year. It would not be your house until the settlement date, but you would have all the terms in the contract as to the selling price, the amount of the contributions the seller will pay in your behalf, what would be the monthly rent you will be paying during the time of the term, what portion of the rent amount would apply to your settlement expenses (or down payment) if you go to settlement, etc. You really need a Realtor to represent you. Ask friends to recommend one. If you need help I can refer you to a Realtor in you town. I hope my answer helped somewhat.