Are there any "non-DTI" lenders in new Mexico?

All conforming lenders are required to verify you have the ability to repay the mortgage.. the federal government has made new laws regarding the maximum DTI for conventional financing, while allowing government programs (FHA, VA, USDA) a postponement of implementation, so these loan programs are currently exempt. For conventional, it's 43% but with strong compensating factors, the can go as high as 48%. For FHA, VA, & USDA, you can go as high as 50% or even higher for some lenders.. It's odd that your lender did not give you other loan options.. typically I see this when borrowers go to the local bank or credit union as opposed to a mortgage broker.. the bank/credit union "Loan Officer" is merely an application taker, and not really experienced in seeking out the best loan for the borrower.. but not the same with the broker.. it's their specialty.. .. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hello,This all depends on what type of loan you're trying to qualify for. Give me a call or send me an email and I would be happy to help you out. There is a chance that we can still make this work.

Correction!!! For conventional, it's 43% but with strong compensating factors, the can go as high as 45%. (Not 48%). .. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

The ability to repay a mortgage loan must be considered and verified The maximum DTI depends on the loan program you choose. My name is Gina Bell. I am a mortgage broker located in Albuquerque and would be happy to discuss your options. Feel free to give me a call at your convenience. I am available after normal business hours and on weekends. You can call me at 505-323-0724 or via email at gina@accessfundinginc.com. NMLS #222731