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What are the debt to income ratios for Harp mortgage qualifications?

by jameshalich156 from Hamden, Connecticut. Jun 10th 2014 Reply


Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Hi James-The debt to income ratios can be in the 50's as long as you get an approve eligible -Call me at 203-788-2619 or e mail pbass@nvsl.com for more information.I work for a community bank here in CT and would love to help-Pete

Jun 10th 2014
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Justin Egan (justin.egan@rmsmortgage.com)
#40 ranked lender in Connecticut - 11 contributions

HI James, you would want to try to be at 50% or lower with an automated underwriting approval. I would be happy to assist. I am in CT - my email is: Justin.Egan@rmsmortgage.com

Jun 10th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There is no standard answer.. if you have low credit scores, the automated underwriting system might limit you to 43%, but if you have high scores and large reserves, it might allow you to go into the 50%'s... every file is assessed differently.. 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. 480-287-5714 WilliamAcres.com

Jun 10th 2014
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