Ok, I hope I'm posting in the right place. Also, sorry for formatting, I'm on mobile, so it looks nice and neat to me but apparently not others.

Ok, so I'm 31, and I have a few roommates/friends. We've all always rented, so buying a house is absolutely brand new to us. My parents moved states, and are letting the bank take back their home, my childhood home for 2/3's of my life. I want this home. Nice neighborhood, great home, and enough room for us all. It's valued at 79k. I'd hate seeing strangers in my childhood home, with our dogs buried out back, memories, etc...

One roomate was gonna do a VA loan on it since he's a vet, and they agreed to a, "short sale", in that case, but unfortunately, his credit isn't good enough, and neither are the rest of us. We've all repaired our credits really well past couple years ago, but it's still not stellar yet, and his is better than the rest of ours.

We don't have much time, and we don't know the first thing about buying a home. I don't even know where to start, who to talk to, the terms involved... We have 3 incomes, and if the payment is similar to what my parents paid monthly, we can easily afford it, as it's less than what we pay to rent where we are now. We've worked hard to repair all our lives, and helped each other on the way, and I've never done anything this big and it's really important to me. Can anyone ELI5 what we should do, lenders to look at, the process? I hope this isn't asking too much. Please and thank you.