Valued Contributor
Posts: 3,302
Registered: ‎06-09-2010
Re: Here we go again......

Ron6262 wrote:

   Yeah, my DTI with current home is only 11%   With new home included it would still be under 20% or so.  Her claimed income alone cannot support the new home which has a purchase price of $240,000.   The other factor is we are currently unmarried, we are debating if we should get married before trying this or not?  We planned on marrying later this summer anyways, so the timing doesnt really matter.


    She doesnt have a DP, I will have to give her that, which isnt a problem.  Its kind of complicated, would not have been a problem before 2008, but now everything is an issue.

Take the time and go speak with a LO or Broker. Let them give you your options and explain the differences, and the chances of approval depending on which option you choose. Some LO's and Brokers will just give you their opinion on what they feel will work best in your situation for approval according to their Lender requirements.


Just make the time to speak to them and I am sure you will get all the information you need to get started on your new home purchase.

Good Luck
May all your dreams and wishes become a reality!