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FHA max debt to income ratios

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tergirly Guest	Posted: Tue Feb 23, 2010 5:58 pm    Post subject: ratio Like 0 Dislike 0 my ratio is 49% will i be able to get a mortgage
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Wed Feb 24, 2010 3:35 am    Post subject: Like 0 Dislike 0 As far as I know, the debt to income ratio for FHA loan is 31/43. If your debt to income ratio is higher than this, then you won't be able to qualify for a FHA loan. _________________ Good is the Enemy of Great.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Wed Feb 24, 2010 11:26 am    Post subject: Like 0 Dislike 0 tergirly, what ratio will be accepted by an automated underwriting system is hard to tell at all times, but i think you'll find that 49% is going to be too high. if you have 800+ credit score, you might be able to squeeze through, but that's highly speculative, truly. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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