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. -Buying a house is a great idea unless you have bad credit, then it's the worst mistake you could ever make!I'd spend the next year or two paying off bad debt and cleaning up your credit report. THEN when you're both financially in good standing, you can think about buying a house. Doing things in any other order will leave you paying through the nose in interest, then your rates will adjust and you won't be able to afford your house anymore- and your wife's good credit will go down the toilet too.If you want information on where to begin, visit this website www.daveramsey.com .Be prepared for some no-nonsense advice. -It sounds like you mau be a good candidate for an FHA loan. Typically if you can provide good pay history for the past 2 years you might be able to get a loan with minimal or zero down.I am located in columbus ohio, where are you looking to buy?I would be glad to answer any questions you may have.