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Valued Member
jropeter
Posts: 48
Registered: ‎07-07-2013

Back End DTI Ratio

Hello guys,

 

     So I recently found a property, was pre-approved through Chase, as I am an employee there. I found a property and they accepted my offer. I applied for a conventional loan, have 20% down, and the guy doing my stuff for my financing said I have an 80/20 chance of making it through underwriting because my back-end debt to income is at 43.5%. My question for you mortgage guru's out there is.....what are my chances of getting approved? They pulled a credit score of 762. Thanks!!!

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Valued Contributor
BrianB_The_Loan_Professor
Posts: 1,381
Registered: ‎07-29-2008

Re: Back End DTI Ratio

The 43% rule is for files that do not get an automated approval - you should be fine unless they have established an overlay that requires all loans to be at or les than 43%?

 

I think you will be fine if not there are other banks that will do the loan for you

 

Brian

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Brian B The Loan Professor
Mortgage Banker Lending in all 50 states -
Super Contributor
ShanetheMortgageMan
Posts: 7,753
Registered: ‎09-28-2007

Re: Back End DTI Ratio


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