Valued Contributor
BrianB_The_Loan_Professor
Posts: 1,381
Registered: ‎07-29-2008
Re: DTI Ratio and Reserves When Applying for a Mortgage

1 No you are paying yourself back so it wont count

2 - it depends on the program

FHA VA USDA do not require reserves

for conventional they like to see a minimum of 2 months worth of mortgage payment

if it is an investment then I believe it is 6 months reserves

 

The DTI amounts you listed are very conservative you can get financing with higher DTI than that

 

Brian

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Brian B The Loan Professor
Mortgage Banker Lending in all 50 states -