Seeking assistance obtaining a 2nd home (condo) in Florida. 20% Down, Good Credit (No issues), 55% DTI

Would need to know more, but looks like I can help you. Give me a call and ask about our special program for Florida home buyers.

It could be possible however very difficult to answer without learning more. Could you contact me? you can call or email. Phone is 757-333-9000 or email is eholt@twmortgage.com

Ratios may come into question. I would be happy to price your options for you you can call me 800-485-1387 Ext. 116 or email ballen@bankofengland1.com.

Your Ratios may be a issue, is the condo complex Fannie/Freddie approved?You may want to speak to a local community bank that may portfolio their loans.

I may have a bank statement program for you if you are self employed. You can reach me at 678-571-7433. I would like to see your entire financial profile before commenting.

The DTI is an issue.. there might be a way around this, but I would need much more info to properly advise you. First question I would ask is "How did you come up with your DTI?" Most folks, ( and some loan officers) don't know how to properly calculate DTI ratios. For this reason, your ratio might be lower than you think if you tried calculating it on your own. Also, lenders are allowed to use professionally managed asset accounts as an income stream, so long as there is enough there to support paying out for 3 years or more. So to answer your question, if your DTI is truly 55%, then it will never happen.. you need to be at 43% or lower. My suggestion would be to contact a local mortgage broker and let him look at your complete loan scenario and ratios.. they would have the necessary experience to explain to you the ways to make this happen. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com