Does conventional loan limit apply to a couple or individual?

[Richard Lee]

Hi BP,

My wife and I file tax report together and we are thinking to take conventional loans individually w/ the hope go beyond the limit of conventional loans. The questions I have are:

- Banks can see all our rental records when checking the tax report, will they apply 10 loan limits on us combined, or they treat us separately (so 2x limit in this case)?

- When computing DTI, will banks take all the loans as cost (since they get it from the tax report) or they only consider the loans under my name as debt when I am applying for new loans?

Thanks for help!