1st off......who are you to say it isn't? You definately need to talk to a mortgage professional and have a tri-merge credit pull done. Why a tri-merge? Banks will always look at all 3 of your credit scores and use the median score to determine your creditworthiness.
2nd.......with banks tightening their lending guidelines it is getting tougher and tougher for people to be approved. Most loan programs have a minimum score requirement to be eligible for approval. Contact me for the latest in FHA and Conventional guidelines as they can change frequently. Mark Schmitz Aurora Bank FSB 314.619.4321.
3rd.......even if you fall under the minimum score requirement don't give up hope. Sure you may not buy tomorrow but with a little effort and some due diligence you can get your scores where they need to be to buy the American Dream. One piece of advice....if you close out a credit card you lose ALL payment history associated with that card. This means, even if you've had this card open and made on-time payments for the last 10 years, when you close it, it's like you never had the card. You get NO credit for your pay history. Pay down BUT don't close credit cards. Closing cards with long pay histories will KILL your credit scores. Credit repair isn't a difficult thing to do if you get assistance from the right company. BEWARE never pay upfront fees for credit repair as that is illegal. 45 days after you begin is the normal timeframe to expect to owe for their services. I have a great company I can recommend to you.
4th......never ever ever never make any large purchases shortly before buying a home. Always contact your mortgage professional first to make sure it won't negatively impact your debt to income ratios (determines how much home you can buy)
5th........always work with an agent who is knowledgeable in the area you are looking to buy in and use someone you trust and love to work with. Afterall, the homebuying experience CAN and SHOULD be a fun experience. It doesn't always have to be a stressful event.