Applying for mortgage with low income and unemployed spouse?

Not sure if my husband and I would have a chance of getting approved for a mortgage or not, as we have a unique situation.

My husband has been unemployed for 4ish months now and is struggling to find a job. Before his unemployment, he was a high earner and saved up a lot of money. Therefore, we can put down a large down payment (around 50% down on a $600-700k mortgage) and still have enough money saved to pay our mortgage and bills for at least a year in case he doesn’t find a job for a while. It worst comes to worse, we both have hundreds of thousands in retirement accounts that could be taken out to pay the bills.

However, I’m worried that our chances of approval for a mortgage aren’t great, as I only make about $50k before tax and my husband is collecting unemployment. Do lenders often take into account savings and retirement accounts when it comes to mortgage approvals? We both have excellent credit scores, over 720.