Answer: -Yes, but it's a really bad idea. You'll pay way too much interest on an Adjustable Rate Mortgage.You're best off renting in this situation. -A good mortgage broker can find loans for people with credit scores in the upper 400's, though you will need a lot down and it will have a high interest rate..Otherwise, you can do an assumable mortgage, IF you can find one and IF you can give the seller enough to pay them what they want out of it (ie If the house is 200k, and they have have a 180k assumable mortgage and owe 170k left on it, they would want 30k before reassigning it). I don't know if there are still any assumables out there that don't have so much equity in the properties at this point that it would be cost prohibitive (if you have 100k cash, you could probably qualify for other types of mortgages..).Otherwise you can lease-purchase from a seller while you build up your credit score. -First I suggest you have your credit worked on first to improve your score. To help save you in the long run on the interest rate. www.fdimember.com/brookline But if you are really in a rush to become a home owner please apply at www.nlccolumbus.com -Bad credit is one of the worst problems to have... however there exists a solution.I will hereby talk from my personal experience.I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,a good place to start in my humble opinion is astraight to the point ebook with question and answer I found http://umgarticles.atspace.com/debt-cons...