YES you have a chance, but NOT right now. Natural consequences catching up to you. Your score is too low, and if your loans are delinquent, forget it. So build your credit, pay off any delinquencies, talk to Sallie Mae and get a plan. Improve your credit month by month the way you destroyed it. Pay all your bills in full and on time, pay off ALL delinquencies, pay down/off all credit cards.
SAVE for down payment. You need 3.5-5% FHA and 10%conventional, minimum down payment and if you have 20% you avoid extra costs of PMI. Also need closing costs.
To get loan you need good credit, low debt ratio, down payment, stable employment, adequate income. You can do it, but not right now. About 6-12 months you'll be ready, if you work at it.
real estate investor