Consider employment before making any purchase; lenders have their income v. debt criteria for qualifying for the amount of a mortgageâ€”oftentimes requiring that housing costs are not in excess of one-third of gross income in addition to a stipulated income v. overall debt-ratio. What lenders donâ€™t know are borrowersâ€™ non-debt spending habits, present and anticipated. You, the borrower, need to consider the economic factors of your lifestyle that would impact on your individual comfort level of affordability. A mortgage outside your budgetary constraints can dramatically alter your overall living conditions. So, be sure to factor micro and macro economic concerns into your mortgage amount deliberations.
Do you have a reliable source of income? If you have a job, you may find a loan. Your score isn't bad, but it could be improved too.
If you are a non-working full time student, how would you be paying a mortgage? Student loans, grants and scholarships would not be considered as income for mortgage approval.