Hello Melissa, the purchase in Long Beach start from 195k for 1bd 1ba condo, from 227k for 2bd 1ba condo and the single family homes start from 349k for 1bd 1ba home. You should study RENT vs BUY listings to compare payments and qualifications.
You may qualify to buy and pay about the same as the rent you specified. There are 62 rentals available under $2,600 a month rent. The rentals start from $1,220 for 1bd 1ba apt, from $1,650 for 2bd 1ba apt and the single family homes start from $2,500 for 3bd 1ba home in Long Beach.
Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. If you have paid off any collections that are still showing on the reports, they can be corrected with the bureaus in a few days. I am sure that with viewing copies of your credit reports that a game plan to purchase can be put together.
You may currently qualify FHA 10% down with fico scores between 500-579 and 3.5% down from a minimum 580 fico score. You may consider 3% down conventional from a minimum 620 fico score. You would need a minimum 640 fico score to consider down payment and closing cost assistance programs but you make a little to much annual income.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to afford you can be emailed listings to fit your search criteria. Check out the web reference below...