The mortgage companys and banks are now requiring credit scores of 660 or better. With FHA you can put down 3-5 %, and there are programs that will assist you with money for closeing costs, and the seller may assist with a percentage of the sale price. We have helped alot of people with "bad" or defficient credit get into a house. Call us 215-426-9477-Philly1st R.E
It would be tough to do with no cash available but, if you can answer a few questions perhaps I can come up with a better answer.
Are you employed? Annual salary/income? Disabled? Dependents? How much are you currently paying for rent? Do you have money available from any source, family, friends, employer, for a 3.5% down payment?
Unfortunately, it's extremely unlikely at this point. With today's tight underwriting standards, you would need a good income, credit scores above 640 and a minimum downpayment of 5% to have any chance at approval.