Updated over 10 years ago on . Most recent reply
FHA DTI limits
Are the FHA DTI limits flexible? On their website it says "maximum ratio is 43%."
My DTI is around 43% without the additional loan payment. Assuming I could get it settled it would be just over 43% after the loan with rental income. Is it possible to get this waived?
Most Popular Reply
Yes, FHA DTI limits are more flexible than conventional. If you are close to the 43% you should be able to find a bank that will loan to you, especially if you have good credit and assets. I have seen many FHA loans approved in the 50% range. It all depends on the bank's automated system and whether an underwriter is willing to loan to you based on your credit, assets, debts, etc...