What credit score is needed to get home loan?

If I get a consolidation loan will it help or hinder me getting a home loan for a first time buyer?

We have poor credit and trying to repair it; however we want to purchase a home by the end of the year. Will it adversely affect my chances of getting a home loan if we take out a consolidation loan to kick start the credit pay offs? So if I can not get a loan, how do I pay off $7000 of dept in less than one year?

You probably will not qualify at the end of the year unless you pay off all your debts in full. Can you even qualify for a consolidation loan? Doubtful and PLEASE do not respond to these idiot SPAMMERS who come here just to sucker people in trouble, such as yourself, into giving money up front for anything!

I have 680 credit score and I also would pay at least 20% down payment for $150,000 worth of loan if it is approved. I have also one year history of car loan which was paid in time. Please suggest me,would l be eligible to get home loan with low interest rate? Or I have to pay more down payment? Or wait 4-5 months and more so my credit score will be at least 720 and more ?
20% down payment is good, but 680 credit score could be a problem - you'd have better chances if you can get it up to 720.