Profile picture for bigdog1906

Looking for a loan, but my dti is high.

If any lenders out there can assist, please contact me at bigdog1906@yahoo.com.  Thanks!
  • April 30 2012 - US
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

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.
  • December 05 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

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

  • May 01 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Adam Loew
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.
  • April 30 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

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.
  • April 30 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

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
  • April 30 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.