The answer is simple.... NO...12K/month equates to 144K a year. Lenders are going to assume you can achieve easily the 3.5% downpayment. 20% just means you are avoiding PMI for the life of the loan.
Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
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