Why dont you use that loan to buy your ferrari?
Seriously.
I dont even want to rag on you, but this is too easy.
Ill just list the facts....
Of course he says he can do it. Its his job to get your credit info and run it. Once he finds out he cant get you approved, he wont be interested.
Lets just say, they can get you financed and in the home.....
It will not be for 30 years.
It will not be at a % as low as you think.
Your payments will not be under $700/month.
You will need a substantial down payment.
You will not sign papers this week. It could take 30-60 days to close.
Again, I dont wanna rag on you but you gotta wake up and stop dreaming. This is big boy land and wishbooks are overreated.