I'm sorry to say but there's no way you'd qualify for that loan amount. Your debt to income ratio needs to be under 41% that means that all of your liabilities plus mortgage, taxes, insurance, and PMI needs to total less than $1366 a month. Take out your car payment and that leaves under $1000 and student loans (there's no way to not count the loans toward this even if your parents pay them, the lender has no way to determine how long your parents wll continue to do so and since they're on your credit they will count against you) leaves on $545 toward the mortgage, etc. The payment on $170,000 would be total with ins, etc around $1500 a month. And one added thing in order for part time income to count it will need to be at the same company for over 2 years. I'm sorry, your credit is great pay down some debt and try in a few years when your out of school.
· 1 decade ago