BOUGHT A CAR

So I did something dumb and bought a car weeks out from my closing. It is a VA Home Loan and we make plenty of money. It took our DTI from 39% to 40%. They did not gross up for my wife's and I's VA Disability or count the 75% of what we are going to rent this place out for. They said if they don't need to do that to qualify us then they don't. So that 40% is with both mortgages and all other debts which is only 2 cars. My loan processor is telling me I have nothing to worry about especially since we packaged it all up nicely to send to the underwriter. I used the same lender as the car I traded in since it would get paid off faster so when we sent the documents we sent the new contract showing I traded in the old car, the new finance sheet with my new payment and the pay off from the bank showing the old car is already paid off. The underwriter has not had a change to look over it yet. Once again folks I know in the business are telling me not to worry and that we will be fine but are they telling me what I want to hear. What do you guys think? by twil72463 from , California. Jun 9th 2022 Reply