Having a good sized down payment is very helpful, especially in the current market. As the others mentioned credit is also a very important factor in your loan approval. As long as you have a credit score of 650 or above, with a down payment you should be fine. The higher the credit score the better off you may be. They will also factor in your income, debt and other critieria but it sounds like you shouldn't have a problem if that credit score is there. Please feel free to check out our website for lender partner referrals, featured listings on the west side of the mountains and search for homes. Please let us know if we can be of any assistance in your home search.

Hi Jobeth,

As Ross mentioned there are many factors that will affect the ability to get a loan, most importantly your credit score. On the surface you sound like a solid borrower (large down payment, minor debts) and to further clarify what you would qualify for you would need to speak with a mortgage broker or a bank.

Hey there,
there are many factors in determining whether you can get a loan that you would be happy with. I would need to know a little more about your situation. Where specifically are you looking to relocate to? I can at least point you to a few good lenders. Check out my website below and email me or call me. Thanks!