A good option for purchasing a house would be seller financing. Talk to a bank or a mortgage broker and you can get an idea of what percentage of the home's value you can get a loan for. It doesn't matter how much, you just need to be able to put some money toward the home's purchase price. Often the seller will be willing to finance the home with favorable terms. This way you will begin to repair your credit and you will also start building equity in your home. If you would rather rent, you need to be able to show a stable source of income and be usually will need to put up first and last months rent. My wife and I are real estate investors. If you would like to see if one of our properties will fit your needs you can email us at firstname.lastname@example.org I hope this helps.