The best thing you can do under this circumstance is to work hard to repair your credit and make wise financial decisions going forward. The longer you maintain a positive credit history, the higher your score will become. Saving as much money as possible is also an excellent idea. A sizeable down payment can do wonders for your chances of approval, and could save you a lot of money on personal mortgage insurance (PMI). Then, once you’re past the point where the credit problems come off your report, you should be able to apply for a mortgage with confidence. Purchasing a home is one of the most exciting and potentially important purchases a person will make in his or her lifetime. And a mortgage is a long-term commitment, so you want to feel sure that you’re getting the best mortgage available to you.