You probably can qualify just fine right now for 100% financing, good credit, good reserves, down payment is still optional... however your debt ratio is a hair over the 45% limit that most lenders have. Doesn't mean that a debt ratio over 45% can't qualify, but generally it's best to get it to 45% or below. Is there any credit card debt you can concentrate on paying down? Additionally, if you paid the credit card debt down your score would likely go over 680, which can give you some more options.
Helping people with Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002 In Irvine, CA and lending in all 50 states
Yes I intend to have all credit card debt paid off by the time I apply for the loan. My student loans are high though at $46,000 with $315/month. But that would be my only debt. No car payments, cc's, or any other. I think this would pull me below the 45% DTI ratio.
Around here, Under $230K gets you into a condo or a real project of a house. On-line mortgage calculators show that lenders would only lend me about $140K with the exact info I posted.