How to purchase a home with poor credit?

My husband is in the Air Force and we have just relocated. We want to purchase a home but doubt that there is any oppurtunity for people like us. Credit score(s) range from 500-620 and we were looking into a FHA loan with no downpayment or downpayment assistance. We have found a condo that is priced about 184,900 that we love. I want helpful advice for purchasing a home and Id also like to know can you make offers on new construction like you can with existing homes. I would like any helpful advice.

Thanx

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