Posted on: 24th Jun, 2009 09:09 pm
If my DTI is 49%, what are my chances I will be approved for my loan. My loan amount is 114,000. Its an FHA loan.
agphxaz
Welcoem to the forum
Any Where between 43% to 55% will qualify you for the loan based on some of the other factors
Good luck and feel free to ask
Welcoem to the forum
Any Where between 43% to 55% will qualify you for the loan based on some of the other factors
Good luck and feel free to ask
To agphxaz,
I've answered a similar query at http://www.mortgagefit.com/homeloan/fha-dti.html#103586 .
Hope, this helps you.
I've answered a similar query at http://www.mortgagefit.com/homeloan/fha-dti.html#103586 .
Hope, this helps you.
From what I understand....41% is typical. 43% is starting to get tougher. Anything beyond that, you should have other factors (great credit, etc) that make up for the high DTI.