What programs offer a high debt to income ratio (50%) and 3% down?

It sounds like you are looking for an FHA home loan, that loan program offers the higher DTI's. The min down payment for FHA is 3.5% down.

FHA would be the best way to go.

FHA requires 3.5% down and if you have strong compensating factors (High credit score, large reserves, longevity of employment, additional income sources that don't meet eligibility requirements, but can be considered as a positive factor, etc.. ) then you can go as high as 56% DTI.. 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 NMLS# 226347

You will probably be able to use FHA financing. It has the highest debt to income limits

FHA allows for 3.50% down, and it is possible to get approved for a 50% debt-to-income ratio. Conventional loans are capped at 45% DTI.

FHA can allow up to 56.99% DTI (monthly debts on credit + estimated housing payment / qualifying income)with a 3.50% down payment, depending on what Desktop Underwriting says based on your credit and loan application. The housing ratio cannot go over 46.99% (estimated housing payment / qualifying income). I suggest speaking with a local loan officer or two, get pre-approved and know for sure what you can qualify up to. Best wishes, Sean

You would want to go with an FHA loan that is 3.50% down. There are nice lender credits if you choose a rate that may be slightly higher than can offset your closing costs and some of your prepaids. That is how I structure many of my FHA loans as FHA rates have nice lender credits available with still very low rates and low Mortgage Insurance