To my understanding YES! After 2 years from actual foreclosure date with no derogatory marks or comments on your credit report for 1 full year prior to home purchase. I closed a VA last summer which closed 2 yrs and 5 days from the foreclosure date. I have a client that had a foreclosure and divorce, while in escrow a collections came up from years ago that was not been noted or overlooked on divorce documents, he has to now wait 1 full year before they will do a loan. He is in process of trying to remove from his credit report.
Please check with your local lender for update to this matter.
I can refer a lender that can assist you with your concern. Feel free to contact me directly.
If you want some reading on the CalVet loan, go to http://www.cdva.ca.gov/CalVetLoans/mbmanual.pdf (42 pages)