Bob is right about the FHA programs - you can get in with as little as 3% down. Other programs can change as Congress is evaluating the housing situation. But I don't think the teachers program will go away. I will send you my best lenders so you can talk to them. Then, put your plan together, save your money, pay off debt, and position yourself for a successful return to Silicon Valley. This is a rare time for people. It has always been said that once you sell & leave The Valley, it is nearly impossible to afford to come back. You should be able to beat that reputation! Wow!
have a great day,
Alain Pinel Realtors