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[quote=Anonymous]I currently am trying to buy a home at 380k. I make 96k a year but have 100k in lawschool debt. I owe nothing in credit cards and about 26k for an auto loan. I have about 55k to put towards closing and a down payment. I was told today that I only qualify for an FHA loan up to 260k as my dti is over 36%. I really want to go conventional even if only at 5% and I want to qualify for more as I saw a house that I love. Is is more prudent for me to take 26k of the 55k and pay off my car loan and hope I can get to conventional where I only need about 20-25k down. Will this even help me? I'm stuck. [/quote]
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