Very important factor to know your down payment to give you the best target loan amount.
If you can give me that, I can tell you what your loan amount could be! :)
I assume that you are referring to having your credit report run twice for the two scenarios may impact your chances of getting approved for a mortgage loan?
I have been involved in transactions where a buyer has had to deal with this type of situation. The buyer's lender asked for a letter of explanation regarding the multiple credit report checks as a condition of approving the loan. Since all the credit checks that were performed were associated with the buyers objective of obtaining financing for a purchase loan, this lender condition was satisfied.
Of course, there is no right answer as everything is case-by-case. This is a question that a loan officer can answer for you. If you haven't already consulted with a loan officer I'd be happy to put you in touch with some great loan officers that can answer specific questions about your situation.
I'd be happy to speak with you to discuss further.
Miguel G. del Barco
Alian Pinel Realtors
DRE Lic # 01815815
Good luck with your home search.
Let me start by saying that you should get fully qualified before answering this question. Additionally, I would figure out what your short term solution and/or long term solutions are. With that said and given the information you provided: 95k income, no debt, 40k down and good credit; it seems that you should qualify even if the height of your range.
Keep in mind this answer depends on many variables but you should be motivated to reach out to a Home Mortgage Consultant.
Hope this helps!
Home Mortgage Consultant