We moved into a home in this year, and it is a 'Lease/Purchase'. The contract that we signed states that ALL the money will be applied to the purchase price of the home when we close in April 30, 2002. I understand that with cancelled checks that we can use the money we will have paid the landlord for a downpayment, which will be $8,500.00 We are trying to save an additional $2,000-2,500 to put with it to make roughly a 20% down payment. We love the house and are really excited. It's a fixer upper, and I an very handy, and look forward to making it our 'dream home' We are both a little worried that our credit may prohibit us from being able to buy in a year. We have no bankruptcy or anyhting like that, however I have 2 small collections, ($390 and $120) that are not paid yet. They are right now 3 years old and buy that time will be 3 years old. I am going to be paying them, because they are mine, within the next month or so. Other than the 2 collections, I have noting on my credit report, except something from Gulfstate Credit that I disputed, (I've never had an account w/citibank) and it was deleted. Other then that, which is now gone, I have no late no payments, ever, and I have 7 open accounts, only one with a babalance (3200) and 7 closed accounts, all never late. My Credit expert scrore on experian is 680. My wife has only had 2 accounts open and it is a car payment, (2 years 3 months old, and a visa card with only a 250 limit (no balance) that has been opened for 2 years. She, (We) were 30 days late on the car payment in 10/2000, 9/2000, and 4/2000. Other than that, her creidt is clean. Her credit expert score is 610. By the time we are ready to obtain finnacing, we will have a completely clean slate payment wise for 19 months. No lates, collections, anything. We have once car payment, ($288) and 1 credit card payment ($70). I have a sutdnet loan payment of $115 a month and that is all the debt we have. Together we make $42,000 a year and by the time we finance will have almost 2 years each on the same job. Does anyone know if we have half a chance of getting financed? Thanks, sorry so long.