The first step is to determine how much is affordable. Look at regular monthly expenses and current rent. If the 'perfect' home is not affordable then it might be a good idea to consider waiting. Otherwise, a person may have to settle on a home not desired or end up with a mortgage that's too high, inevitably foreclosing. After finding a house that is desirable as well as affordable, contact a trusted broker. Brokers specialize in finding financing, and they can find the right poor credit home loans for a specific situation. They can contact multiple lenders and get quotes and will know what lenders require as well as if they can even a poor credit home loan.