Is it possible to refi with good credit but high DTI ratio

Is it possible to refi with good credit but high DTI ratio

Investor · Los Angeles · Member since 2019 · 23 posts · 4 votes

I have dealt with a couple of lenders whom have told me initially they could get me refinanced but it came down to the same thing each time, which was everything looks good except my debt to income ratio is high. This has prevented me from being able to purchase additional rental property. Are there lenders that work with situations like these? Suggestions welcomed

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  • Loan Officer / Processor / Life & Health Agent · Rancho Cucamonga, CA · Member since 2014 · 1k+ posts · 757 votes
    6y
    Originally posted by @Phil Deshay:

    I have dealt with a couple of lenders whom have told me initially they could get me refinanced but it came down to the same thing each time, which was everything looks good except my debt to income ratio is high. This has prevented me from being able to purchase additional rental property. Are there lenders that work with situations like these? Suggestions welcomed

     Tell us more about your scenario.  Do you own property? What does the income look like?  etc.  This will help you get the best answers.

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