WHY RENT when you can own paying less than rent in many cities?
You can qualify for an FHA mortgage with a minimum 500 fico with 10% down or FHA 3.5% down or as low as 1/2% half percent down with a minimum 580 fico score in California. You can buy your rural dream home with Zero Down USDA Rural with a minimum 580 fico score unless your a Veteran then there is a no fico score requirement.
Your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few minutes to pre-qualify by answering a few dozen questions and provide this needs list for a pre-approval to get out shopping for a home of your choice.
You have Nothing to Lose and EQUITY to GAIN.