no chance?

Not with traditional financing, meaning FHA, VA, USDA, Conventional. There are "Hard Money" lenders out there who might lend you on a new home... Condo's are tough, because most complexes have a low owner ratio, or have excessive bank owned or foreclosed / non paying owners... and most hard money lenders will not lend for owner occupied properties, just investment... so if you find a Single Family home, and intend on renting it.. You can go hard money... you will need 30+% down payment, and the fees and rate will be high, but there is a loan product out there for you... WilliamAcres.com

William is correct. It's either wait or look at putting 30%+ down for a hard money loan, which will probably be at fairly ugly rates. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com