FHA: yes
Conforming: almost certainly
Jumbo: snowballs chance in hell
It's a factor of risk: FHA = government insured, if you flake, it's not their money that gets lost.
Conforming loan: just going to be bundled off and dumped on Fannie or Freddie. Note, FHA Loans have a higher limit in Cali than conforming currently, they're just a lot more paperwork.
Jumbo: they're much more likely to get stuck with the mortgage, as no GSE nor Fed insurance is going to back them up on this.
For a whole lot of reasons, a bigger downpayment is seen as less risk for a lender, so when it's their own money they're actually playing with (and not the governments or GSE's in some form or fashion), they're far more restrictive on it. I'd still try to get 20% as you're stuck with some form of mortgage insurance or secondary loan without it, but I know with the way prices are (I'm in LA county) that's a long walk for the majority of us.
@Creditaddict wrote:It is Foreclosure.... I was at least 2 years out in my thinking before seeing this!
Will know more after opening of day tomorrow to call some people.
Your scores qualify you assuming your mortgage pull comes up similar to what you have posted, as long as your income is sufficient and you can come up edit: with 3.5% down (FHA minimum) you can probably make it work.
I was (am?) trying to put myself in a spot where I could pull the trigger on a home in six months, but I don't think I'm going to make it even though I have a solid downpayment... need to straighten out more from my past sins unfortunately before buying a home. Ah well, next year and hopefully the market won't go all loopy in the meantime.