Question

For which buyer would a lender most likely approve a $200,000 mortgage?

a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying job
a person with a credit score of 760 with a small amount of debt who has had steady employment for many years
a person with a credit score of 650 with a large amount of available credit who has a low-paying, but steady job
a person with a credit score of 600 with a small amount of available credit who has recently switched to a high-paying job

Answer 1

a person with a credit score of 760 with a small amount of debt who has had steady employment for many years

Reason: lenders favor a strong credit score, low debt-to-income ratio, and steady employment/income — this profile best meets those criteria.