Re: DTI Ratio and Reserves When Applying for a Mortgage
10-12-2011 02:04 PM
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
Always glad to help.
Brian B The Loan Professor
Always glad to help.
(1,220 Views)
