My fiance and I have an appointment with Capital One bank on Friday to fill out paperwork to try and get pre-approved for a mortgage. I just wanted to know if anyone thinks getting approved for $140K - $160K with a downpayment of $6000 would be a problem.
My score: 700
Her score: 698
Combined gross monthly income is $5600/month
Combined monthly debt is $371.28 (One auto and one student loan)
DTI Ratio: 6.6%
I also have PNC's application for pre-approval filled out but not turned in. Should I attempt pre-approval with both or just stay with Capital One whom I have an account with and where my downpayment is?
Any help would be appreciated.
