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Working on debt to income ratio

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VALoanMaster
Valued Contributor

Re: Working on debt to income ratio


@Anonymous wrote:

Hmmm...I thought Fannie Mae's DTI was 43% on the back-end. 

 

Here is the July 2017 eligibility matrix from Fannie's website: https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf

 


Fannie actually just raised the max back end to 50%.

VA Mortgage Expert. Mortgage Banker lending in All 50 States.
VA, FHA, USDA. Jumbo, Conventional.
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Message 11 of 12
kc0039
Established Contributor

Re: Working on debt to income ratio


@VALoanMaster wrote:

@Anonymous wrote:

Hmmm...I thought Fannie Mae's DTI was 43% on the back-end. 

 

Here is the July 2017 eligibility matrix from Fannie's website: https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf

 


Fannie actually just raised the max back end to 50%.


Yes they did! I called my prior customers and told them that they may be able to qualify for a loan now.

Licensed in IL
Message 12 of 12
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