What are the chances of my husband and I getting approved for a mortgage loan?

His credit score is approx 550 and it showed that I dont have a credit score. His income is approx $3,000/mth and we are trying to get financing for a $45,000 house. He has a forclosure from approx 2yrs ago. and we dont have any debt ratio (car payment, credit cards, other loans, etc). Any help would be... show more His credit score is approx 550 and it showed that I dont have a credit score. His income is approx $3,000/mth and we are trying to get financing for a $45,000 house. He has a forclosure from approx 2yrs ago. and we dont have any debt ratio (car payment, credit cards, other loans, etc). Any help would be appreciated, thanks a bunch!!
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