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I am trying to get a harp refi but have issues with the DTI ratio as im disabled and husband is self

  • January 28 2013 - Tampa
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Answers (4)

Profile picture for mymortgagebrokerjoe
can u tell us what your current dti is? i have some lenders that allow higher dti than others. also, a self employed person is a little more complex underwrite and some lenders evaluate their income different than others. I specialize in dealing with the self employed borrower.
  • January 29 2013
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Only the same servicer version will have no maximum on debt to income ratio. For Fannie Mae backed loan, the maximum debt ratio allowed on new servicer version is 65%. For Freddie Mac backed the new servicer version is currently approving very high debt to income ratio and you might qualify for that version regardless of your debt to income.
  • January 28 2013
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Profile picture for user8849700
Entire MSG/POST: I am trying to get a harp refi but have issues with the DTI ratio as im disabled and husband is self employed. I was told by my lender they do not have a dti ratio if I do the HARP 2.0 with them but their rate is higher. Much less closing fees as their oriination fee is around $650 and no buy down of points. The rates is either 4.11 or 4.17 apr depending on the term I go with. Are there any lenders out there that dont have a dti requirement or can take bank funds as proof of income. Credit is right at the 700 mark. No late pays or anything delinquent.. Im in FL.. Any help or advice would be great.
  • January 28 2013
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Profile picture for wetdawgs
It appears your question was cut short.  Click on post reply and share the rest.
  • January 28 2013
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