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Cam we get low rates with only one salary and 40% down payment ?

I am student and my wife is making $1500 a month  can we get low rates on a $160 000 with 40% down-payment .
I will be working in 6 months after I graduate but we already have $60000 in cash for the down-payment 

Do you think we can get a loan with interest under 5%? 
  • April 20 2013 - Spokane
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Answers (3)

Profile picture for Ofe Polack
You need to discuss this question with your mortgage broker.  There are too many variables involved in this response.
  • April 20 2013
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There are so many variables, like credit score, work history, etc.  You definitely have a shot.  I don't think it will be a waste of time to speak with a lender.   Good luck!
  • April 20 2013
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We suggest that you meet with loan officers at two local banks to determine if you can qualify for a loan with a low interest rate.
  • April 20 2013
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