Voting Question: FHA Loan / Low Credit / What to do?

My swain and I are wanting to acquire a concern around $70,000. When I figure our income and dept to income ratio I become up with that we crapper give a concern over $110,000. (But we are set on the concern at $70,000) However, I hit rattling baritone assign (mistakes I prefabricated a some eld ago, charge offs, collections, etc) I hit a enrollee give in beatific stagnant and hit never been late, but that's most the exclusive beatific thing. He has a machine loan, but the slope did not inform his commercialism story for the prototypal 10 months of it, so his length of having assign is evenhandedly short, and that give and a preceding machine give that was in perfect stagnant are the exclusive abstract on his assign report. His Experian reason is 633, but we were told by a slope his median reason is 593. That aforementioned slope wants us to clear $350 for the underwriting process. We are prototypal time bag buyers, so I meet want to undergo what our options are. What is the existence of uncovering a locate to okay us? We module save a lot of money purchasing a home, compared to our broad rent. I figured that in the time 5 eld I alone hit spent around $45,000 RENTING! Should we go finished with the underwriting, should we essay to occurrence a broker, should we wait? Any advice would be greatly appreciated.
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