Can I buy with bad credit?I "retired" and moved to Chicago at 27 last year. I spent my retirement while I was trying to find a new job and have fallen into some hefty debt (more than $5,000, less than $10,000). I am renting and my lease renews on 7/1. I start my new job at $72,000 a year but my credit is in total shambles as a result of my "retirement" period while trying to find additional work. Given my income, can I qualify for a mortgage at a higher rate and once I've paid my debts down, refinance for a lesser value? I'm interested in buying a 1-3 bedroom, dog friendly condo in the Edgewater area of Chicago. It seems like a much better idea to buy than to go through this process of renting and never saving for a down payment. Any guidance is appreciated.March 11 2014 - Chicago00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.