first time home buyers

Question

What are the current debt to income ratios needed to purchase a home for new home buyers?

Answer 1

FHA takes up to 54% income to debt ratio - nice part about FHA financing -co-signers we use combine which is a plus!

Answer 2

I would suggest you ask your lenders what they will require.

Answer 3

There are many different loan pprograms available in todays mortgage loan market place and each one has its own criteria. It is best to contact an experienced mortgage loan broker who can advise you on the best program for your circumstances.

I highly recommend Lisa Agron of Pinnacle Mortgage Planning office:253-272-3322, Direct 206-617-2723, I have worked with her for over 10 years and she has always done the job that she commits to do.