1. If your credit is bad because you are a chronic delinquent payer, a real problems does exist. I know I would be reluctant to loan someone money if I had to keep going after what they owe me.
2. IF however, your bad credit is directly related to an event, situation or temporary occurance, there MAY be options.
3. Do you have a pile of cash....a bigger pile of cash socked away? OUTSTANDING!
If 2 and 3 apply to you, there are more options than you might imagine. Call a multi-dimensional real estate pro and see if they can get you into a home. If they are single dimensional, they only know cash and bank financing. These agents can not help you.
If #1 applies...you need to exercise financial discipline, get that credit score fixed, then would be the best time to buy a home. It could be easier than you think.