First time home buyer

I all depends on DU/ LP, I have seen approval at 49.9% DTI.Any Question please call me at 972 466 2551ThanksAslam MansoorLiberty Home Mortgage

More info needed, but in general each loan product has a different DTI requirement.. also, most borrowers who try to calculate their DTI will not do it correctly. That being said, FHA can go as high as 56%.. but most will keep you at 50% or lower. The best advice I can give you is to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893