how long ,on average do we have to wait

[HHM]

If you have 30% down, you will be able to get conventional financing so long as a bank is willing to lend.

When I spoke to a mortgage broker recently, there are really only 3 things available

If you have less than 10% down, you can ONLY do FHA (which means you need good credit).
If you have 10+ % down, you can get some conventional bank financing (meaning Fredie and Fannie stuff).
If you have 20% down or more, you can get conventional bank financing outside of the federally backed programs.

(of course, all this assume halfway descent credit)

[monkatom]

HHM so if we had say 20% down plus closing costs plus backup cash in bank with mid score of 720 or so but had a BK on report and foreclosure after BK but not on report could we get a loan? I thought Fannie/Freddie were strict on the 4 year BK rule, FHA appears they will use foreclosure date? So to get a in house loan do I just start calling local banks and seeing who offers these types of loans? I called navy Fed and another credit union in san Diego and they both use Fannie/freddie guidelines.
Thanks