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What are the income requirements for an FHA loan for two people?

What are the income requirements for an FHA loan for two people? by pickle4nickels55 from Kansas City, Missouri. Apr 28th 2011 Reply


Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions

Generally you want to have you debt to income ratio below 50%. Best is around 450 or lower, but exceptions can be made to 55%. Debt to income is the total of your debt, plus the mortgage and taxes/insurance then divided by your income. So if all your payments are 1500 and you make 4000, then your DTI is 38%. There are several factors, including credit, down payment, income type, and loan amount. Please give me a call and I would be happy to go over with you. We are a direct lender, FHA and Conventional. Chris Gummerson bayvalleymortgage.com 714-367-5125

Apr 28th 2011
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Marlon Mitchell (mmitchell)
#6 ranked lender in Missouri - 52 contributions

I would be happy to assist you in letting you know how much home the two of you would qualify for. Feel free to email or call me at 816-569-1436.

Apr 29th 2011
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Timothy Singleton (TimSingleton)
#55 ranked lender in Texas - 15 contributions

Hello. There are no income limitations, however your debt to income ratio needs to be no higher than 55%. FHA is an excellent option if you have high ratios. I would be happy to work up a loan application for you to see what you qualify for. There is no obligation to complete a loan application. Please call me at 214-733-6899.

Apr 29th 2011
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