The first step would be to speak with a lender like myself that would be glad to help you. Also, do you know your exact scores? The minimum credit score that lenders like myself can do can be as low as 580. So if you can work up your score to 580 or above, then you will be in a much better position. The simplest way to fix your credit is to pay off your debt and revolving credit balance on time. It's also important to understand that your ability to obtain a loan relies on other factors as well. These factors include debt, expenses, assets, employment, as well as down payment, income, and credit. So the best thing for you to do is to speak with a lender such as myself to see if you can get started on financing a new home. If you have any further questions or if you would like a loan or refinance, feel free to contact me. Good luck!
Sr. Mortgage Banker
NMLS # 659743