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Is there such a thing as a minimum debt to income ratio requirement?

by NCross from Ogden, Utah. Jan 24th 2013 Reply


Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

No, but there is a Maximum Debt To Income (DTI) Ratio, which varies by loan programs. I can help if you need any more information on something specific. Email me from this site if you'd like. Thank you! Steven Ceceri with First National Bank of Layton (Utah)

Jan 24th 2013
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Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,823 contributions

I'm sure there is, but I have never seen one applied. Certain loan programs have caps on income and / or discretionary income, but that is not the same as a minimum Debt-to-Income ratio. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Jan 24th 2013
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Barb Lanis (BarbLanis)
#70 ranked lender in Illinois - 663 contributions

There is no minimum, just a maximum, depending on your specific loan type and credit score. The lower DTI the better!

Jan 24th 2013
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,691 contributions

Technically no, but if you have no debt, it might be hard to show the lender if your responsible with credit if you don't have any credit or use credit.. 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. 480-287-5714 WilliamAcres.com

Jan 25th 2013
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Steve Azarch (sazarch)
#18 ranked lender in Tennessee - 93 contributions

Lenders will look at the maximum debt to income ratio but not a minimum debt to income ratio.

Jan 24th 2013
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Ken Burrows (mortgagesforamerica)
#20 ranked lender in Nevada - 572 contributions

Typically we can go up to 50% debt to income or in some circumstances up to 55% dti if we can get an approval. Let me know if I can be of service. P: 888-320-7888 - Ken@MortgagesforAmerica.org

Jan 24th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#76 ranked lender in Florida - 2,240 contributions

No minimum debt to income ratio but yes there is a maximum. There are trade line requirements with some lenders. The will typically want three open and active trade lines on your credit.

Jan 24th 2013
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Jason Vondrak (jvondrak)
#219 ranked lender in California - 1,741 contributions

Like stated above, there is not minimum requirement for DTI, but there is a a maximum requirement that will vary by loan program.

Jan 24th 2013
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 566 contributions

No Minimums. 45% Max for conventional loans and 50% Max for FHA. Feel free to give me a call if you have any other questions. I'm in Salt Lake City. 801.550.1222. I believe in information without obligation. Linda

Jan 24th 2013
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Eric Blossman NMLS 211144 (eblossman)
#116 ranked lender in Texas - 63 contributions

No not at all... You can never make too much money or buy too small of a home for you debt profile. Sounds like a really good problem to have. Good luck!

Jan 24th 2013
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David Kosmecki (David_Kosmecki)
#37 ranked lender in Minnesota - 256 contributions

No but you do need a current credit history to be able to score.

Jan 24th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

There is no minimum, just a maximum, depending on your specific loan type and credit score. The lower DTI the better! Andrew Alfonso

Jan 24th 2013
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Joe Metzler (JoeMetzler)
#2 ranked lender in Minnesota - 3,908 contributions

Nope... Just maximums, which vary based mostly on loan product.

Jan 25th 2013
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