Will I be able to get a mortgage with 40% debt to income?

Yes you will. Most debt to income ratios for conforming loans are set at 41% and FHA, VA, and USDA will allow higher.

I have gotten conventional loans up to 45% approved very frequently.

Yes this # would not be an issue. You can actually go with a Conventional option up to 45% which may be recommended with you credit score of 733. FHA will come with a lower interest rate but the Mortgage Insurance rate will be much higher than Conventional if you do not have 20% down payment which is likely to give Conventional a lower overall payment versus the FHA option. Feel free to call me with any additional questions. We're located right here in Kentucky. My direct line is 502-272-4461.Thanks,Ryan Wheeler

Based on this information alone, you should also be able to look into a conventional loan with the debt ratio below 45%. I would be more than happy to give you some quotes if you would like. I am in Columbus, Ohio and my direct number is 614-413-0253, Kitsy Burt

You might be able to go conventional. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Yes, you do have options. Conventional and FHA may allow you to have a higher debt ratio, but we would have to take a look at the entire picture to know if you qualify. I would contact a local fully licensed mortgage professional in your state: www.namb.org Click on FIND A Professional and put your state in. This is the Association of Mortgage Professionals.