<prompt> Human: Im in my early 20s. Ive slowly been building a giant mound of credit card debt 50K - 70 utilization since I turned 18. I hit a stroke of luck, and managed to pay ALL of it off a week ago. My card statements will reflect this on my credit report in the coming 2 weeks or so. My score is teetering around 580-600 as of right now, and I expect at least a 50 point jump or so once my report updates.I have a 28K car loan with 50K positive equity on the vehicle, and 10K in student loans, all with reasonable APRs. I could pay these off, but dont think theyre going to affect getting a home loan, and would rather keep that money invested for now.I have no negative remarks on my report, but have a slew of hard inquiries somewhere around 60 - I have had 9 vehicles in the past 5 years, and this is mostly why, so most of these inquiries are grouped together maybe 15 separate events to include opening new credit cards to increase my overall available limit.I make about 50K per year, as does my spouse. My spouses credit is fine but below 700 with no outrageous debt like I had. She has 1 missed payment from 2 years ago that was entirely accidental, but couldnt get it removed from the report.I can put 20 or more down to beat PMI andor help secure the loan. We want to purchase a home ASAP tired of renting and hate the housearea we are in - when will I know that we can likely obtain a loan, and at a reasonable APR?  <response>: You have enough for 20 down, your car has 50k in equity, and you have a credit score of 580 with 60 hard inquiries...Unless you buy cash youre not likely going to get a loan. That said, bailing a sinking ship only works if you patch the holes. Make sure youre living within your means before you get ahead of yourself. Big wins are great but for someone who has a history of living beyond your means, you dont really learn much from getting bailed out. 