Another option is if you have a friend or family member that will co-sign for you.
Remember - you will need at least 3.5% as a downpayment for an FHA loan.
Randall Sandin, 843-209-9667, email@example.com
You'll only need 3.5% for a down payment. With the prices where they're at and the interest rates low, you're smart to want to get in the market!
Perhaps, there's something similar in your area. And, of course, caveat emptor.
As bad as you want to own a home now, it might be better to inform yourself as much as possible about what's going on in the market you want to buy in and keep improving that credit. When you are sure you are ready then finding a good agent will be easier for you and they will be representing a buyer who knows what they are looking for.
Good luck, Dunes
There are many resources on line to give you tips on improving your credit.
One of first steps is looking at your credit report and checking for accuracy.
Knowing what affects your credit score and how to improve it is the first step. See the article at about.com that indicates the following break down on what affects your credit: http://financialplan.about.com/od/creditdebtmanagement/a/imp
* Payment History â€“ 35%
* Total Amounts Owed â€“ 30%
* Length of Credit History â€“ 15%
* New Credit â€“ 10%
* Type of Credit in Use â€“ 10%
Another good article:
An article that explains how to read the codes associated with negative reporting:
Finally- if you are considering a professional to help fix your credit, read: