Front-End Ratio
Will lenders these day allow for front-end ratio to be more than 28%? I need my front-end ratio be be 34%. My back-end ratio is find because I have no debt right now. For the house range I am looking at, I would be able to put 30% down payment. My credit score is at least 730. by krystalk6482 from Boston, Massachusetts. Jan 12th 2011
Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions
Fannie and Freddie are concerned with the back end ratio, AKA Debt to Income Ratio (DTI). as long as your DTI is 45% or lower, you should be OK. There may even be instances where the DTI can be as high as 48%. Joe Shamie 877-662-3321 x-102
Kelly Krauth (KKrauth)
#1 ranked lender in New Mexico - 28 contributions
Lenders are more concerned with the Back end ratio; exception USDA they will not budge for most borrowers
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
The short answer is yes....I can secure financing for a back end ratio up to 55%...so you look good to go....feel free to contact me...Happy house hunting!!Dan "The Loanman"877-369-4319
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