home mortgage for low income family help!?

Im currently looking for a mortgage company that will offer me about $ 160,000. This is going to be a first time buyer. I called a local bank (SunTrust). They said they would be able to offer me $ 100,000. But I actually need around $ 160,000. I will have 10% to put down on the house. My credit is in the 700’s but my income is low. My and my husband make around $ 3,500 a month net. What bank offers a good rate and will be able to offer me the loan?
The home that im planning on buying is actully worth 240,000. Its a forecloser.

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