Another DTI Question (newbie)

[riker20]

Thank you for the great answer.  I am not sure I will be able to swing 20% down.  I've been talking to NFCU and their conventional 30 year loans do not require PMI even if you only put 5% down.  Any thoughts from the myFICO folks on NFCU's mortgages?

[tooleman694]

You will be paying PMI either with a rate increase or with an upfront fee.

With your income, you will probably max out your front end ration somewhere in the 300k range.

[HoldingOntoHope]

NFCU mortgage folks are as nice and helpful as all the rest of NFCU. My LO with NFCU on a refinance made the process seem painless. She kept me informed all the way and I never worried. I would recommend NFCU even if I had to pay a little more in costs. And they keep the loan after they write it so you don't have to worry about who you get stuck with.