Backend DTI

[Anonymous]

Hi all, My wife and I are going to be applying for a mortgage in the next couple of weeks.  We had been working with someone at Wells Fargo but his last day is Wednesday.  He was telling us during our prequalification that the backend could be as high as 45%.  Is this just a Wells Fargo thing? or do all lenders go as high as 45% on a conventional mortgage?  This will be a 5% down loan.  My scores are now in the mid 700's

[HumbleLobster]

I'm closing tomorrow on a Wells Fargo backed loan.  My LO has been with them for ~15 years and said that the UW doesn't get concerned with backend DTI unless its right at 45% or beyond.  My midscore was 745 and I got away with 5% down with a backend of 41%.  Never once had an issue.  I mentioned it and the LO wasn't even worried.

[tooleman694]

From what I understand you cannot go above 45 percent with conventional. FHA you can flex it further, but you have lower loan limits.