As others have mentioned, you probably can get a mortgage loan if you have the income required and are not heavily in debt. But, before you apply, try to find a mortgage broker in your area who will look at your entire credit picture and help you make some changes. Sometimes credit scores and reports can be improved fairly quickly. And the improvements can mean a lower interest. You might also talk to someone at a HUD Approved Housing Counseling Agency in your area. This will be a free service. You should be able to find one near you by using the link below.