Mortgage after foreclosure

Had a foreclosure in spring of 2011. Deed to trust (I think that is what it's called) in June 2011. Looking for loans and only qualify for a jumbo 7/1.

Houses we are interested in range from 400's to 600's. Actually really interested in one about $415k.

It seems like the jumbo lower limit is 420k with 20% down. That would push the minimum home purchase price to $520k.

Seems odd that I can buy a more expensive home and get a loan but can't get a loan for a cheaper home?

Any thoughts? Thanks!

Location is Arizona

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