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High DTI ratio

I'm in New Jersey, and due to taxes on investment properties have a debt-to-income ratio of around 64% . I have an excellent credit score. Looking for a lender that can work with this type of situation by henry.t930 from Andover, New Jersey. Oct 5th 2015 Reply


1st off is this your primary residence that you are trying to do a loan for. Secondly are you self employed. 3rd how many properties do you own and are financed. You have many parameters that you are dealing with here. Depending on the answers to the above questions, I have 2 companies that your loan may fit into. My name is Tim. I am with Advisors Mortgage. Please reach out to me at 856-974-5357 or my email is tmiller@advisorsmortgage.com

Oct 5th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

More info is needed, but in general, There are no "Conforming" loan products that are going to help.. it's possible that there is a portfolio or hard money lender that might but it really depends on your loan to value.. For conforming (FHA, VA, Conventional, USDA) you're going to be maxed out at 45%, possibly to 50% depending on the loan program. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Oct 5th 2015
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

with that kind of DTI, you will probably have to go with a HARD MONEY LENDER.

Oct 6th 2015
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Jesse Stroup (jessestroup)
#195 ranked lender in California - 589 contributions

You may have a few options. You can bring more money to the table in order to pay down the home loan. You can also pay down some of your debts, credit cards, cars etc.

Oct 6th 2015
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Simon Nwoke (SimonNwoke)
#71 ranked lender in Georgia - 37 contributions

PLEASE PROVIDE MORE INFORMATION.

Oct 6th 2015
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