What are my Approval odds

[Brendon Seiffert]

Me and my wife out looking into getting our first 4plex with the FHA loan. We already have 3.5% down needed, but our curious what our odds of getting approved our for a $350k loan.

Mainly because I had a friend who is in a similar financial situation only get approved for $190k.

Me and my wife make just over $100k a year before taxes.

Per credit karma our scores are 816 and 790.

We have no debt other then our current mortgage.

Our current payment is $908 a month (including taxes, insurance etc). We owe $129k on the house and it is worth approximately $150k.

We’d like to keep the house if possible as a rental too, but trying to figure out if we would have to sell it.

Really trying to figure out what our odds of approval our before we apply to keep our credit scores as high as possible.