Wells Fargo DTI - Anybody know??

[roshan]

good afternoon Myfico 

Does anybody know what is max DTI for wells Fargo mortgage.  Is it 43% or 45%?

let me know.. thanks

[Anonymous]

I was told by a Loan Officer face to face while I was aplying at wells fargo in her office that wells can go as high as %50. %50 quoted! She had mine at 31% even though I had it at 33%.

[Tonya-E]

My loan officer said 45% for conventional but I think it goes a tad bit higher for FHA. 

[StartingOver10]

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@Anonymous wrote:

I was told by a Loan Officer face to face while I was aplying at wells fargo in her office that wells can go as high as %50. %50 quoted! She had mine at 31% even though I had it at 33%.

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Yep and with higher scores above 680 some lenders will do 54% back end for FHA.

[Anonymous]

All I want is something comfortable and plenty money left over to do other things. My DTI right now is 33% but it will be less after I buy the house. PITI including HOA will be about 20% less than my rent. Then my car will be paid off in 7 more payments.

[roshan]

Thanks everyone for your reply.

I am working with my Broker who is getting me mortgage from Wells Fargo wholesale.

He told me the limit is 45%.

I just asked this becuase I am at 44.52% DTI.

Before you all kill me..let me  tell you why..

I am applying for mortgage only under my name. Not including my Wife's income. Becuase he score is Low near 700. my score is 777.

if i count he income in DTI than DTI will be 37%.

So because I am at border.. I just wanted to ask you all experts..

my broker is telling me I am good till 44.99%.

Thanks

[boomhower]

If you pass DU 50% is doable.

[roshan]

What is DU 50%???

[Anonymous]

ttt

[seemund]

 StrateUp wrote:

I was told by a Loan Officer face to face while I was aplying at wells fargo in her office that wells can go as high as %50. %50 quoted! She had mine at 31% even though I had it at 33%.

---

Yep and with higher scores above 680 some lenders will do 54% back end for FHA.

Really? That just made my day

[seemund]

I was told by a Loan Officer face to face while I was aplying at wells fargo in her office that wells can go as high as %50. %50 quoted! She had mine at 31% even though I had it at 33%.

---

Yep and with higher scores above 680 some lenders will do 54% back end for FHA.

[seemund]

Really? That just made my day