Hi Pat. Fannie Mae recently tightened the underwriting requirements for people with foreclosure history. Fannie said it would increase from four to five the number of years that must elapse since a foreclosure before the borrower is considered to have re-established credit history. With extenuating circumstances, a three-year period is required. A minimum down payment of 10 percent and a minimum credit score of 680 are required with prior foreclosures. Since Fannie Mae is one of the leaders in setting underwriting policies, you are probably looking at 3-5 years for most major lenders. Since your foreclosure occurred a year ago, you'll have to wait another 2-4 years, depending on your specific situation. If you are willing to pay a higher interest rate, you'll probably be able to find a lender with less stringent requirements. The main thing is that you'll have to maintain your good credit history for the next few years to show that you are financially responsible and that the foreclosure was an exception to the rule. I hope this helps.