<prompt> Human: Im applying for a mortgage right now, and Im wondering if Ill qualify for a good rate. Here are my details:The good:Married, wife stays home, 2 kids: 14 months and 6 years old.I make 74Kyear, plus bonus. This year is was 10k. Thats all before taxes.I have just under 12K in a 401kIve been with this company since Feb 15 I actually started 2 days after my son was born. I worked for another company for 10-ish months before that, and I was in graduate school before that making peanuts and science.The Bad:I owe 75K in student loans. 68k to gov, 7K private. Im paying 171month to both. IBR repayment plan. Im paying so little because...20K credit card debt. Im putting all of my extra money toward my credit cards. It was 3 cards last year. Im paying them off and cancelling them as fast as possible. It isnt the best for my credit score, I know, but my priority for a while has been to get debt free. Thats also why Im paying so little every month on the student loans. The interest rate on the card is higher, so Im paying them off first.I owe 15K on a Hummer H3. I know what youre thinking: Who the heck buys a hummer when they owe that much, and right in the middle of grad school? It was kind of a big up yours to my hippie ex-wife who hated hummers. I do a lot of off-roading and I have a work car so I dont spend a lot of money on gas. I dont spend a lot of money on other stuff, seriously. No TV, and I sold a lot of stuff related to other hobbies. I know the smart thing is to sell it, but then Ill end up sitting around and doing nothing and going a bit crazy. Anyways, the interest rate on it is really low and Ill have it paid off in 3 years.I also owe my parents some money. They loaned me some to get out from under the credit cards. I have no down payment. Ill borrow from my 401k and then pay it back with next years bonus.Credit score - 643. I have no late payments, but high credit usage because of the way Ive been paying off cards and cancelling them. I have a collection on my record. I went to school for 3 weeks or so, decided it was a bad idea, and dropped classes. They charged me 2500 and I didnt want to pay it. Now its in collections. The Ugly:Right now we live in a 2 bedroom apartment. Its tiny and driving me nuts. Rent is 1095. Square footage is less than 800.Im looking for a small-ish, less fancy house. I want to pay less than 180K for it. I found one thats not huge. It has no backyard and shares walls with the neighboring houses so I figure I can save on watering and HVAC. I am aiming for total mortgage PMI, insurance, taxes to be less than rent. Home prices in my area are also pretty low. I have a pretty good idea that they are going to come back up in the next couple of years.The houses Im looking at have mother-in-law apartments. My brother may need a place to live and Ill probably let him live with us for pretty cheap.I planned on living in these apartments for another year after the lease ends in August, but Im honestly going a bit crazy. Its a tiny apartment and I think my money is better spent on putting it towards a house and spending less on shelter. OK thanks for feedback.  <response>: You may get approved for a mortgage, but the terms would not be favorable. Your debt to income ratio is high and you havent been at your job long enough.Even if you did get approved, though, I would highly encourage you to not do this now. You have no money and a ton of debt. Buying a house is asking for trouble. Houses are expensive and things break. When you rent your landlord takes care of all that, but when you own and the furnace goes out or a pipe bursts or the roof leaks, youre on the hook for it. And if you have to borrow from your 401k to make the down payment? Double nope.Tighten your budget, work hard to pay down your debt, starting with the credit cards and your parents. Get that car paid off then build a sizable down payment in cash. And build an emergency fund on top of that. Then you can think about buying a house. In the mean time, if you have to find a better place to live, then do that. But keep renting for now. 