Looking for lender with higher DTI requirement
My grandma passed and her home is being offered to me. I have a credit score of 580 and make around $90k a year. I get rejected when I apply for a loan since my DTI is high, are there lenders who offer loans with higher DTI requirements? I live in North Carolina and I really want to purchase grandma’s house. by rbarrera924 from Andrews, North Carolina. Aug 16th 2022
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
You didn't state what your current DTI is. With scores in the high 500s, you are going to be relegated to the FHA world. Typically, FHA will require a maximum DTI right around 45-50%, depending on other factors. Reach out to me and I can connect you with NC licensed team member who can review your scenario and help guide you into steps to get you and approval. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.LoansA2z.com 480-889-9000 - OR - 480-695-9300.
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