Gustan Cho Associates has no lender overlays on debt to income ratio on government and conventional loans. We just go off the agency caps on debt to income ratio no government and conventional loans.
Most undisclosed debts will be discovered by lenders during a third-party national search of public records.
You need documented income to qualify for government and/or conventional loans. The market does have non-QM and alternative loan programs such as bank statement loans for self-employed borrowers, asset-depletion, 1099 only mortgages, and other loan programs.
This Article Is About Qualifying For Mortgage With High Debt To Income Ratio Debt To Income Ratios is probably the most important factor when it comes to qualifying for a mortgage loan. Qualifying For Mortgage With High Debt To Income Ratio can become an issue no matter which mortgage loan program borrowers choose. The debt […]
This Article Is About Excluding Debts From Co-Signed Loans To Qualify For Mortgage Mortgage borrowers who are co-signers on debts often have a hard time qualifying for mortgage loans because the monthly payments of the main borrower are included in the calculations of their debt to income ratios. There are ways of excluding debts from […]
This BLOG On High Debt To Income Ratios Mortgage Lending Guidelines Was UPDATED And PUBLISHED On June 8th, 2020 Home Buyers can have a great income, great credit, but with too many monthly debt obligations they may have issues in qualifying for a mortgage due to higher debt to income ratio. Borrowers with high debt […]
This BLOG On Property Taxes In Mortgage Qualification And How It Affects DTI Was UPDATED And PUBLISHED On February 25th, 2020 Home Buyers, especially first time home buyers, property taxes in mortgage qualification is one of the most important aspects to consider when buying a home. Property taxes vary from state to state and county to […]
This Article Is About Solutions To High DTI And Mortgage Lending Guidelines Finding Creative Solutions To High DTI Home Borrowers who have high debt to income ratios can find creative solutions to high DTI. Debt to income ratio is one of the major reasons why mortgage borrowers cannot qualify for a home loan Debt to […]
This BLOG On FHA Loans With High DTI & Low Credit Scores Was Updated On July 21st, 2019 Not all FHA Lenders have the same FHA Loans With High DTI and Credit Score Requirements. There are two types of mortgage lending guidelines: HUD Guidelines FHA Lender Overlays Gustan Cho Associates Mortgage Group are specialists in […]
This Article Is About Paying Off Credit Cards Due To High DTI And Boost Credit Scores Debt to income ratios is one of the most important factors a mortgage underwriter will carefully look at when qualifying borrowers: High debt to income ratios is a risk that will always come up throughout the mortgage application and […]