*How many months of DTI will lenders look?

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Hello All,

I'm an investor in CA and thinking of getting a 203K to fund the purchase, I get that 203K will require less than 41% of DTI, but there's nowhere I found that how many months of DTI data will lender look back?

Originally posted by @Keifer Zhang :

Hello All,

I'm an investor in CA and thinking of getting a 203K to fund the purchase, I get that 203K will require less than 41% of DTI, but there's nowhere I found that how many months of DTI data will lender look back?

They only look at one month: DTI = Monthly Gross Income / Monthly Debt payments.

Debt payments are any payments that you can't pay off less than 12 months like a car payment, living expenses (mortgage, home insurance, property taxes), student loans, alimony payments, etc.