Do I have a chance of getting approved for a mortgage?

What are my chances of getting approved for a mortgage scores 695,699,650 salary 40k, looking at homes 125k-130k. I have no car payments, I have credit card minimum payments of $350 and a 401k loan of $110. I live in Houston Texas. I can probable put down 3%-5% down. I do have a 90 day late payment on a credit... show more What are my chances of getting approved for a mortgage scores 695,699,650 salary 40k, looking at homes 125k-130k. I have no car payments, I have credit card minimum payments of $350 and a 401k loan of $110. I live in Houston Texas. I can probable put down 3%-5% down. I do have a 90 day late payment on a credit card occuring in 2005. I am on a debt management program. but I have four credit cards that are not in the program and I am managing them myself. Do I even have a chance. I am looking to purchase between Sept -Oct of this year.
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