DTI and HOA

[Anonymous]

Question for mortgage loan experts... if, as part of closing, seller pays 13 months of HOA... is that amount added to your debts, for purposes of DTI calculation? Thanks, in advance!

[Anonymous]

You will have HOA fees for the rest of the life of the loan. So, yes it will be part of DTI.

[Anonymous]

Thanks...I remember reading if a debt is more than 12 months out, like student loan deferments, it will not be counted.