High Income, High Credit Score, Low downpaymentMy Fiancee and myself have a combined gross income of $235,000 and credit scores above 750. I have $300 in monthly debts while he has $2400 (child support, student loans, personal loan debt) Right now, we're living in an apartment but want to take advantage of the great interest rates. At the end of 2013, we will have about $40,000 for a down payment with the majority of his debt being paid off in early 2014 leaving him with $1300 in monthly debt. We want to either purchase or build our "dream" home spending between $500,000-$600,000. My question is, is there a loan available to people in our situation OR is it better to continue living in an apartment through 2014 to attain the 20% down payment? Would an 85/10/5 loan be appropriate? We're both first time homeowners. Thanks!April 02 2013 - Cincinnati00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.