How long ago was the foreclosure and what type of loan was it?
Fannie Mae requires 7 years so that's not an option.
VA only requires a 2 year wait.
FHA requires a 3 year wait after a foreclosure BUT it could be longer if the foreclosure was on a government backed loan like FHA, VA or USDA.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Normally, a lender is unable to lend to you within 3 years after a foreclosure or a short sale. Sometimes it can be sooner on a short sale under certain circumstances.
In the meantime, you'll want to make sure your credit is at/near a 640 score and plan on having a minimum of 3.5% down plus needing closing costs to facilitate a closing.
If you need more insight, please let me know!