can lenders compromise on debt-to-income ratios for FHA mortgages?

Until your DTI is within acceptable limits your not going to be able to get the loan...between 30% and 50% is where you need to be and that is including your proposed mortgage payment.

You can sometimes exceed 50% DTI with some compensating factors. I have had a purchase approved with a 52% DTI. It can be done!

You can usually exceed the standard DTI qualifications with compensating factors. As a Fannie Direct Lender, I do not have the overlays for DTI as most lenders do. So if the automated system allows you to exceed the limits, then I do as well. Your question does not indicate whether it is a purchase or refinance we are talking about. If you are refinancing a FHA mortgage, you can always do a streamline refinance as well. I hope this answers your questions and I live and work in Tijeras and Edgewood. Call me this evening if you would like to elaborate more at 505-286-3071.

Your DTI income ratios are all about the here and now from an underwriter's perspective. If you're not in the range right now, you will need to wait.

Sometimes if you have compensating factors - such as excellent credit, substantial assets - then the Desktop Underwriting software program will approve a loan with a slightly higher DTI. I have seen 52 to 53% approved through with Desktop Underwriting. When that happens usually the underwriter will accept the higher DTI. Your best bet is to contact a mortgage professional in your area to help you lay out a plan. Good luck.