Did anyone go through OneTrust Home loans for pre-approval? With a 710+ credit score and 171K annual income and over 223K in brokerage+401K and 60 cash, I only got pre-approved for 410K condo.

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They’re probably considering that you want to be at $3k/mo and the person is giving you a number based on PITI. Your down payment and desired monthly cost will drive what you can afford. This sounds about right given $60k cash, need for 6 mos living in the brokerage, and desiring to stay under $3k/mo.

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You said you wanted to stay under 3k monthly so… not sure what the question here is. Based on the above information and assuming minor debts, I’m sure you could get approved for more if you weren’t limiting to 3k monthly

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What would you like?

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So he asked me how much monthly I can afford and I said I want to be under 3000 and the agent said then 410K is the ultimate max you can get.

WA seattle

Hard to say without knowing more details. What other debt do you have, what are taxes and HOA assumptions, etc.

That said, it sounds low.

Do a mortgage calculator and find out how much the typical insurance and taxes are in your area for homes you are looking at. But if you are willing to pay ~$3000/month and have money for a down payment, then I’d say that’s low.

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