Hello lynncuny, you did not mention the number of bedrooms, baths and maximum payment you are looking to afford. How much do you have to invest into the purchase? They usually want 10-15% down that is non refundable deposit.
You may already qualify to buy. The web reference below offers 10% down FHA with fico scores between 500-579 and minimum 580 fico score may consider 3.5% down FHA. If you have a minimum 620 fico score you may consider 3% down conventional.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores and how much you invest into the purchase. You may also ask about your credit scores to be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
The rentals in Midlothian start from $695 for 1bd 1ba apt, from $900 for 2bd 1ba apt and the single family home start from $1,295 for 2bd 1ba home.
The purchase in Midlothian start from 29k for 1bd 1ba condo, from 49k for 2bd 1ba condo and the single family homes start from 69k for 2bd 1ba home. If you have cash there is a 4bd 1.5ba condo for 35k cash and an auction home 2bd 1ba home for 55k.
You should study RENT vs BUY listings to compare payments. Check the web reference below and get started...