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Whats the max DTI i can have for a mortgage? mine is 39%

i just found out my DTI is 39% using an online calculator. this is much higher than i expected. what is the max debt to income ratio i can have if i want an fha loan

by prellator78t63856 from Columbus, Ohio. May 28th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

55% for FHA

May 28th 2014
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Kimberly Lawson (kilawson)
#54 ranked lender in Ohio - 150 contributions

39% would be perfect. No worries in that regard! Most lenders like to cap you at the QM guidelines which are 45% back end ratio. However, there are exceptions... (:

May 28th 2014
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Allen Wang (Allenwang)
#57 ranked lender in Maryland - 11 contributions

46 for housing, 56% max total for FHA. 45% for DU, 50% for LP.

May 28th 2014
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Tim Bradford (Tim Bradford)
#5 ranked lender in Ohio - 145 contributions

I am a lender and support Kim's answer versus the other two answers that I see. In my opinion, the real real question is what will my lender use when calculating my DTI. A 39% DTI, would be totally acceptable. The question is are you using the same numbers your lender will use. I am an Ohio Lender and if you wish to discuss your specifics, you will find my contact information on my profile page.

May 29th 2014
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