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What was she/lender talking about "Your ratios are too high to go with a FNMA product"?

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ezdriver
Senior Contributor

Re: What was she/lender talking about "Your ratios are too high to go with a FNMA product"

You should have asked her to repeat that in plainspeak.

 

FNMA is a government agency that buys loans and they have rules [ed debt-to-income ratios] that are tighter than FHA [another government agent that insures loans]. You debt-to-income ratios are higher than the FNMA limits.

 

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