Posted on: 05th Nov, 2012 01:10 am
My wife recently applied for a FHA loan and we found a house and our offer was accepted. We are working with a reputable lender and he mentioned her DTI is a little high but her score is great over 700 and she hasn't had any judgments or discrepancies on her credit. We also just received the pre approval from our loan officer... How likely is it for the loan to fall through at this point? My wife is 6 months pregnant and is stressing out daily that we will lose the house.
It is difficult to get a loan in case the borrower does not meet the debt to income ratio criteria. It will be better if you could have a word with the lender in this regard and take his opinion.
Hi Swarkozy!
Welcome to forums!
It will be better if you could cosign for the loan. The lender will consider your income while giving her the loan. This may help her qualifying for a loan easily.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
It will be better if you could cosign for the loan. The lender will consider your income while giving her the loan. This may help her qualifying for a loan easily.
Feel free to ask if you have further queries.
Sussane
My opinion is different. Since you have already been pre-approved for the loan, chances are quite high that you will receive the loan.