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Reply to "House buying conondrum"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you're stuck any way you go because your DTI is so high. You're close though. I did conventional and they were strict about my DTI also. [/quote] Op here, can you shed light on being close? Thanks for your input [/quote] 31% seems to be the number they want, although it can vary by lender. You're close in that if you save for another year, I bet you'd have enough. http://www.fhahandbook.com/debt-ratios.php Another thing to think about- you're a single borrower. Do you want a huge mortgage for your income? What if you lose your job? It is a bit riskier to be a single borrower. [/quote]
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