Congratulations, your client will likely qualify for this payment!

Under this loan program, the maximum DTI is 50% and this scenario falls within those parameters.

Check the maximum monthly payment information to the right to see how much room you have between this scenario’s payment and the maximum.

Congratulations, you may qualify for this payment!

Under this loan program, the maximum DTI is 50% but in this FICO score range of 660-679, the approval will depend on a wider range of factors, such as down payment, employment stability, and post closing assets.

Your client will has a much better chance of approval with a DTI under 43-45% especially if your down payment is less than 10% of the purchase price.

Check the approx. maximum monthly payment information to the right at 45% DTI to see how much room there is between this scenario’s payment and the recommended 45% DTI.

Any monthly payment higher than this amount and up to 50% DTI should be verified as approvable by the lender prior to submitting any offers just to be sure they will qualify.

Your client may qualify for this payment!

Under this loan program, the maximum DTI is in the 45-50% range but with your FICO score under 660, the approval will depend on a wider range of factors, such as down payment, employment stability, and post closing assets.

Your client has a much better chance of approval with a DTI under 38% especially if the down payment is under 10% of the purchase price.

Check the approx. maximum monthly payment information to the right at 38% DTI to see how much room there is between this scenario’s payment and the recommended 38% DTI.

Any monthly payment higher than this amount and up to 50% DTI should be verified as approvable by the lender prior to submitting any offers just to be sure they will qualify.

The Total Monthly Payment is too High in this Scenario.

Under this loan program, the maximum DTI is 50% and this monthly payment exceeds that threshold.

Your client will need to reduce monthly debt and/or reduce the monthly housing payment by shopping for lower priced homes or by increasing the down payment.

Your client can seek to increase income by adding a co-signer or obtain gift funds from family to help with a larger down payment to reduce the monthly payment.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of their income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (such as BAH and COLA).

Based on the above scenario, your client will most likely be approved for VA financing with an approximate maximum total housing payment on the right based solely on your excellent FICO score as VA does not require assets in reserve.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of your client’s income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (such as BAH and COLA).

Based on the above scenario, your client will most likely be approved for VA financing with an approximate maximum total housing payment on the right based solely on your good FICO score as VA does not require assets in reserve.

Congratulations, your client will likely qualify for this VA loan payment!

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of their income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (such as BAH and COLA).

Based on the above scenario, your client will most likely be approved for VA financing with an approximate maximum total housing payment on the right based solely on your FICO score as VA does not require assets in reserve.

Your client may qualify for this VA loan payment.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of their income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (like BAH and COLA).

However, based on your client’s acceptable but lower range credit score, you may or may not be approved for VA financing, depending on several other factors, such as employment stability, post closing assets, and overall credit profile.

An approx maximum monthly payment in this scenario is listed to the right but I recommend having a VA underwriter review and pre-approve the loan prior to writing an offer to purchase a home just to be sure they will qualify.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of their income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (like BAH and COLA).

Based on their excellent credit score, they may or may not be approved for VA financing at this higher range debt-to-income ratio.  This will depend on several other factors, such as employment stability, post closing assets, and overall credit profile.

An approx maximum monthly payment in this scenario is listed to the right but I recommend having a VA underwriter review and pre-approve your client’s loan prior to writing an offer to purchase a home just to be sure they will qualify.

The monthly payment for your client’s VA loan in this scenario may be too high.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of their income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (like BAH and COLA).

Based on your client’s good credit score, you may or may not be approved for VA financing at this higher range debt-to-income ratio.  This will depend on several other factors, such as employment stability, post closing assets, and overall credit profile.

An approx maximum monthly payment in this scenario is listed to the right but I recommend having a VA underwriter review and pre-approve their loan prior to writing an offer to purchase a home just to be sure they will qualify.

The monthly payment for your client’s VA loan in this scenario may be too high.

Under this loan program, there is no maximum DTI as VA loans are approved based on a residual income analysis completed by a VA underwriter.

This analysis will account for all of your client’s income and expenses, to include any monthly debts, child care expenses, living expenses for the area, and adjustments for non-taxed income (like BAH and COLA).

Based on their credit score under 680, you may or may not be approved for VA financing at this higher range debt-to-income ratio.  This will depend on several other factors, such as employment stability, post closing assets, and overall credit profile.

An approx maximum monthly payment in this scenario is listed to the right but I recommend having a VA underwriter review and pre-approve their loan prior to writing an offer to purchase a home just to be sure your client will qualify.

Under this loan program, the maximum DTI is 45-50% and this scenario falls within those parameters.

There are multiple guidelines for Jumbo loans depending on several different factors, such as property type, occupancy type (owner occupant, 2nd home, or investor), down payment, cash reserves, and etc.

While this scenario looks good for qualifying for a jumbo loan, it is best to reach out to me to go over the specifics of your client’s situation so we can ensure that they will meet the guidelines for approval.

Lastly, check the maximum monthly payment information to the right to see how much room they have between this scenario’s payment and the maximum.

Your client may qualify for this payment.

Under this loan program, the maximum DTI is 45% and this scenario falls within those parameters.

There are multiple guidelines for Jumbo loans depending on several different factors, such as property type, occupancy type (owner occupant, 2nd home, or investor), down payment, cash reserves, and etc.

While this scenario looks good for qualifying for a jumbo loan, it is best to reach out to me to go over the specifics of your client’s situation so we can ensure that they will meet the guidelines for approval.

Lastly, check the maximum monthly payment information to the right to see how much room they have between this scenario’s payment and the maximum.

Under the Jumbo loan program, the maximum DTI is 50% and this monthly payment exceeds that threshold.

Your client will need to reduce monthly debt and/or reduce the monthly housing payment by shopping for lower priced homes or by increasing the down payment.

The Total Monthly Payment is too High in this Scenario.

Under the Jumbo loan program, the maximum DTI is approximately 45% with a FICO score below 680 and this monthly payment exceeds that threshold.

Your client will need to reduce monthly debt and/or reduce the monthly housing payment by shopping for lower priced homes or by increasing the down payment.

Congratulations, your client will likely qualify for this payment!

Under this loan program, the maximum DTI is 43% and the maximum housing payment as a percentage of your gross income is 32%.  This scenario falls within those parameters.

Check the maximum monthly payment information to the right to see how much room they have between this scenario’s payment and the maximum.

The Total Monthly Payment is too High in this Scenario.

Under the USDA loan program, the housing payment cannot exceed 32% of your gross monthly income even if you have no other debt.

Your client will need to reduce the monthly housing payment by shopping for lower priced homes or by increasing your income (can be done by adding additional borrowers).

The Total Monthly Payment is too High in this Scenario.

Under the USDA loan program, the housing payment cannot exceed 32% of your gross monthly income AND your total DTI cannot exceed 43%.

Your client will need to reduce monthly debts or lower the monthly housing payment by shopping for lower priced homes or by increasing your income (can be done by adding additional borrowers).

The Total Monthly Payment is too High in this Scenario.

Under the USDA loan program, the housing payment cannot exceed 32% of your gross monthly income AND your total DTI cannot exceed 43%.

Your client will need to reduce monthly debts or lower the monthly housing payment by shopping for lower priced homes or by increasing your income (can be done by adding additional borrowers).