I have a DTI of 9%. I have a credit card utilization rate of 4%, one student loan of $325 per month, one car payment of $340 per month. I make $7000 gross per month. Current fico is 681 and this doesn't count what might happen in next cycle since I just lowered credit card utilization from 37% to 4%. No late payments in over 2 years. Only derogatory is a chapter 7 bankruptcy in March of 07 and my understanding FHA is ok if over 2 years after discharge of chapter 7. Received this information from Wells FArgo mortgage. What do any of you think? AM i going to be ok when I apply in late June. House being purchased is $110,000
