What is the maximum dti when purchasing a second home?

Good Evening/Afternoon! Typical DTI ratios vary based on loan programs, credit scores, and loan to value ratios among other things. You can use 45% as a good base. To get quickly approved for a purchase, it would be easy to do by applying online. Having an Automated Approval only takes a few minutes once a complete loan application is submitted online. If I can of help, please let me know. Thank you!

You will need a conventional loan for a second home. FHA and VA do not lend for second homes. The debt to income ratio for conventional loans is typically 45%. Your best bet is to contact one of the Lender 411 mortgage professionals. They can look at your situation and give you good advice. Good luck.

Good Evening/Afternoon! Typical DTI ratios vary based on loan programs, credit scores, and loan to value ratios among other things. You can use 45% as a good base. To get quickly approved for a purchase, it would be easy to do by applying online. Having an Automated Approval only takes a few minutes once a complete loan application is submitted online. If I can of help, please let me know. Thank you!

On a conventional loan you are looking at a 45% dti.

Hi AGrande, the benchmark of 45% that everyone is mentioning is accurate. If you would like some assistance figuring your correct dti and seeing how much you can borrow up to then I would be glad to help

Today's mortgage lending rules will cap you at 45% debt-to-income ratio...

Typically, it is 43%-45%. However, you can go up to 50% with compensating factors like low LTV, strong credit etc, thru Freddie Mac programs.

With a conventional loan you can expect the DTI requirement to be right around 45%. You can get a higher DTI with the FHA and VA loan program, but since it will be for the purchase of a second home those loan programs wont qualify.

As you can see, the ratio's can vary and there a lot of compensating factors and there are other loan programs available. Contact a Lender411 loan officer to discuss your specific situation

You will find in most cases the max DTI on a second home is 45%.