Wells Fargo DTI - Anybody know??

[E16]

Do lenders calculate the DTI with or without your expected mortgage payment included?    

[seemund]

There are 2 different types of DTI

There's the Front-end DTI, which includes Mortgage Payments, etc.

There's also the Back-end DTI, which includes all your Front-END DTI stuff plus car payments, credit card MIN payments, student loans etc.

This thread is specifically talking about the back-end ratio (45-50-54% in some cases).

[Anonymous]

I thought front end was mortgage, hoa, home owners insurance & tax and back end was front end + all other debt like cc payment, auto payment and what not but maybe i'm worng. 

[Anonymous]

Front end is mortgage and mortgage related. Back end is mortgage/related and all the other stuff.

[Anonymous]

Wells will go to 55% FHA with an automated approval. Strong compensating factors and credit score >680. I know because i just was cleared to close. Only reason was my dti was that high was I just moved states and had to change jobs. Im an RN that has held two jobs for multiple years but since the move I had a small gap on the 2nd job due to securing primary employment before the move and then finding a second job as soon as I got here and had a 3 month gap which rendered my 2nd job income null for a near future. With my 2nd job had I been able to use it, dti was 33% back end. Docs are out and closing Monday.

[Anonymous]

THAT IS FINE..UP TO 45/50