Can you tell me about FHA mortgages for first time buyers with bad credit? ?

Are co-signers allowed? Can you buy HUD home, or foreclosures? Where can i find a reliable lender in Michigan? How far in advance should we try for pre-approval? Does a pre-Approval expire?
Well the housed we are looking at are between k-k…what kind of loans can you suggest for people with terrible credit. Should we use our vehicles as collateral?
Ok so i have 1 person telling me they are excellent for people with terrible credit and 3 who say otherwise, can you send me some links to information resources?


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