Answer: -Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:http://www.axalda.info/bad-credit-mortga. -With the subprime market crashing that will make it tougher for you, On a positive note you have 5% for a downpayment, do you also have the closing costs? If you do you might have a chance but the interest rate most likely adjustable will put you in worse shape in the next year or two. You are better off taking a year and increasing you credit score How?1. Pay your bills on time2. Reduce your credit card debt to less than 30% of your limits3. DO not close any open accounts this will reduce your credit to debt ratio4.DO not apply for any more credit every time you do your FICO score drops about 5 points.5. Patience it takes time to build up your score -The advise is that Ur husband should put Ur name additional on his credit cart in build Ur credit up in after a f Mont's maybe ul have good cradit.