Deferred student loans, dti, and auto loan

ChangiBear · ‎09-03-2013

Hello, do lenders include deferred student loans in the dti calculation for an auto loan?

What range does the dti need to be below for an auto loan, in general?

Cleared to Close on 9/9/13!
Closing on 9/17/13

8/31/12 FICO 733 (lender pulled)
1/7/13 Transunion 718, Equifax 710 (MyFico)
2/20/13 Equifax 729
8/13/13 Ex 751, Eq 766, TU 741 (all lender pulls)

SamsungHDTV · ‎09-07-2013

I'm not too sure, but I'm almost sure they don't include that into DTI. Conservative lenders want your DTI less than 36% of gross income including new car payment. Others may go as high as 40-45%.

ChangiBear · ‎09-07-2013

Thanks for the info. :-) I guess I'll see in a few weeks when I go car shopping. Now to figure out if I want new or used.

Cleared to Close on 9/9/13!
Closing on 9/17/13

8/31/12 FICO 733 (lender pulled)
1/7/13 Transunion 718, Equifax 710 (MyFico)
2/20/13 Equifax 729
8/13/13 Ex 751, Eq 766, TU 741 (all lender pulls)