As with regards to BK's... Out of 7 is over 2 years unless an Accept or Approve response is received from the Total Scorecard. Ch 13 is 1 year with approval.
Hardships are considered...
Borrowers with a previous foreclosure will not be eligible for FHA financing if the foreclosure occurred within the past three years, unless an Accept or Approve response is received from the Total Scorecard.
I am not sure you are going to find any more 100% loans with a Conventional Bank. I work with SunTrust and they just did away with their program this past week.
As far as FHA Loans, they do accept less than perfect credit and it depends on what kind of bankruptcy. Chapter 7 vs Chapter 11.
What I would like you to check out is naca.com, they are a non-profit organization that counsels clients on purchasing a home. This is a great program and my clients have had great success with it. It will take you about 3 - 5 months maybe more depending on your situation. They do character based lending. Funds come from Bank of America.
Check it out and let me know what you think and if you are looking for an agent to assist you I would be more than happy to get you registered for the next naca workshop.
Good Luck in whatever path you take!