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va 55% dti

by info768 from , California. Sep 15th 2014 Reply


Bill Ladewig (bill@yourfhaguru.com)
#329 ranked lender in California - 34 contributions

55% DTI is doable.

Sep 15th 2014
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Blake Kleckner (BlakeK)
#357 ranked lender in California - 250 contributions

What's your question? Please call me with it at 626-644-2020

Sep 15th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

You are right on the edge, so it's possible, but not guaranteed.. Even though VA allows for DTI that high, not every lender will.. in fact most wont go above 50%, My suggestion is to let a mortgage professional calculate your DTI.. most folks don't know how to correctly calculate their DTI and add in items that the lender does not.. letting a professional calculate it will give you an accurate number.. 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

Sep 15th 2014
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Dan Paladin (dpaladin)
#2 ranked lender in California - 417 contributions

It is possible...660 min score required. Best is to provide complete documentation so file can be submitted to the automated underwriting system to see if an approval is secured, especially since 55 is the max. System will take into account all aspects of your file, residual income, assets to determine the decision. Feel free to contact me at 562-254-5616 or toll free 877-369-4319.

Sep 15th 2014
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John Burke (jburke)
#1 ranked lender in Texas - 183 contributions

Hi Info768, It's possible but you'll need a couple of things. 1) A lender that will allow it. Some lenders cap the DTI at 50%. 2) You'll need an approval through an automated underwriting system. 3) You need to exceed the VA disposable income requirement by at least 20%. I just had one approved with a 63% back end ratio so it can be done. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

Sep 15th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,446 contributions

VA loans can in theory go as high as a 55% debt ratio. This is way over the guideline, which is about 43%. Your lender will run the application through the computer, and if it says OK to the high of a debt ratio, it is possible a lender may still say no. 55% is incredibly high risk. Lending in MN, WI, and SD - www.StPaul-Mortgage.com

Sep 16th 2014
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