VA Guidelines currently say a Foreclosure on your record needs to be 3 years old before you can get a new loan.
Conventional Loan Guidelines are changing and getting tougher. In fact, effective June 1, it will be 5 years before you can get a new loan using Conventional Guidelines. At this time, VA has not followed this more stringent guideline. But it could happen as everyone is getting tougher on qualifying. Stay Tuned.