First of all what you need to do is go get yourself pre-approved for a mortgage!!!  That should have been the very first step before you even started looking at condos. I'm surprised any lenders would accept such a deposit without approving you completely for the loan!\n\nNext, 680 is fairly average for a credit score (not great, but definitely not bad). They will mainly take that score into consideration for your interest rate (which could really only fluctuate about .3 percent). Income level is good, but considering the cost of the condo, combined with other expenses (car payments, insurance, taxes, credit cards, any other loans or pre-existing monthly bills), I could say with confidence that 15 year mortgage is NOT the way to go. \n\nThey won't take the rent for the other bedrooms into consideration, unless you have a lease signed by tenants, and the income is GUARANTEED to come in. Otherwise, who knows if you'll really find someone to rent those out or how long it will take TO find someone. \n\nTalk to your real estate agent (and please tell me you have one with such an expensive condo). Figure out your finances and GOOD LUCK! :)