Debt-to-Income Ratio Update

Posted on November 5, 2009. Filed under: Guidelines | Tags: , |

All conventional (non-government) conforming (below 417k) mortgage financing that funds after March 15 2010 and/or have applications taken later then November 16th 2009 will require Debt-to-Income Ratios that do not exceed 45%.  This means all borrower monthly debt (as reparted on credit) plus the new home payment cannot exceed 45% of gross monthly income.


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