What loan to get with salary of $120k?

There’s a property in our neighborhood that an elderly couple offered to me at a very low price. They are moving to another state to be closer to their grandkids. The home was appraised at $150,000 and they are selling it to me at $70k. I have a credit score of 802 but I don’t think my income is enough to get approved for a loan. The owners want to close a deal before the year ends and if I don’t get approved for a loan they will sell to another buyer who offered to pay 20% more than the price I got. What type of a loan can I get with an annual salary of $120k? by mbswan988 from Jacksonville, Florida. Nov 11th 2021 Reply