This is entirely based on the situation at your end. After debt consolidation, if you have a credit score that can be put to good use then there is no need to worry. Depending on your DTI (debt to income) ratio, you will still be able to nail a very good deal for the house. If your DTI is acceptable to lenders then you face no issue however, it is recommended to apply for a home mortgage after your debts are cleared off because you will then have 2 mortgages to handle. With sound financial planning, you will still be able to afford and plan for a house but might have to run some rough estimations to get a better picture. You can try our Mortgage calculator for a quick estimate of your monthly mortgage payments.