How to increase mortgage loan amount approval?
I was kind of shocked to see how low my pre-qualification number came back as. I’m 26 female, making 75k a year, credit score of 794, $260 monthly debt, employed for 5 years, and would be putting 20% down. My amount for pre qualification came back as $250k. I’m really new to all this, I’m trying to do as much research as I can but would love advice on where to start from actual people - not chat gpt as my friends have suggested lol. I thought my approval amount would be higher but I could be wrong. Thank you!
I do have a partner as well - but he was laid off 5 months ago. He currently owns a house valued at $550k. We’re looking at houses for $450k in another state.