financing

[triz]

i have had trouble getting financed for a new home since my credit score is in the 500's i was told that i can either get a mortgage on a preowned or get financed for a home thats in forclosure what route would you go i only have 10 percent to put down

[rmurray]

Sounds like you are talking to a Clayton dealer....500 Fico scores are hard to finance...BUT..the FHA will finance a home/land and improvements for these scores if you have a good pay record in the last 12 months...Find a dealer who specializes in FHA and find out if this is for you...