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Looking for a loan, but my dti is high.

If any lenders out there can assist, please contact me at bigdog1906@yahoo.com.  Thanks!
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April 30 2012 - US
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Answers (5)

We offer loans to unlimited DTI with AUS approval. That means as long as everything checks out you are good to go. High DTI is a relative statement because high for some lenders is over 45%. I have done them up to 62% depening on the program and compensating factors.

I would love to talk to you more, or get you better information, but we need to know more about your situation to help you out.
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December 05 2012

You can sometimes get an approved eligible with DTI up to 50%

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May 01 2012
Hi Big Dog, with a higher dti, there are some things that you should be considering:
1. Has all of your income been correctly accounted for ( often it is not)
2. Is there anything that you may be able to pay off ( smaller loans, car loans with smaller balances, etc.
3. If you have student loans showing on your credit these are often mis reported and you should investigate this with a qualified Lender.
4. Do you have any other sources of income from renting a room out or any other passive type income to include.

These are just a few things that can help you lower the DTI. Additonally FHA and if you are a veteran, VA loans allow for higher DTI.
With higher credit and lower Loan to Value ( LTV), lenders will often go higher on the back end ( total DTI) ..

I have a great lender you can use
Lyne Lewis at Bank of Commerce Mortgage Bank.

Please contact me to connect with her.
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April 30 2012
43% on an FHA loan. Pay down or off any non recurring debt. Pay down your card debt. This should help lower it. Pull your free credit report @ annualcreditreport.com of you haven't already done so. Do this before having a lender run your credit. This will keep the inquiries down.
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April 30 2012
You may get more responses if you post your DTI so loan officers can check that against their guidelines.

Hope that helps,
Ryan Halset, Realtor
Seattle, WA
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April 30 2012
 
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