225,576
Front end ratios are a thing of the past. It used to be we used ratios of 28/36%, but now we use a backend ratio of 50% for conventional, and 56.99% for FHA. Only VA and USDA use both front and backend ratios. IMO, it never mattered what the front ratio was, as long a the backend ratio worked
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Mike Easton
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Tim Bray
Mystic, CT
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Kathleen Daniels, Prob...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Bob Crane
Stevens Point, WI
1,749,577
Much higher for so many who want to own homes, hence, they do not qualify. I have personally seen many over 60% due to excessive credit card debt. I have select programs for ratios higher than 28%, but the credit profile must be reviewed
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Bob Crane
Stevens Point, WI
2,071,135
Great answer, Bob!
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,598,552
Will read the answers.
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
2,229,820
Thank you for the information Tim.
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
1,535,414
Thanks for the question. I learned something new today from it and Bob Betel's response.
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Bob Betel
Sweetwater, TN
6,662,159
Folks like Bob Betel know so much more about these matters than I do, thanks for the info.
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
5,095,744
Will check back to see what others have to say.
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
5,584,478
will be back to see what the experts know....
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
19,816
Believe it or not, Rental / Investment property mortgages are offered at NO RATIO (i.e. no doc income) up to 80% ltv and with a seller held or business partner or family member held 2nd mtg, up to 90% Cltv.
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Steve McRory
Tampa, FL
5,474,939
Will let the experts respond to this - as you asked!
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Bob "RealMan" Timm
Minot, ND
1,260,083
3,421,649
2,511,497
5,774,095
5,156,208
Interested to see what our AR lenders have to say
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Bob "RealMan" Timm
Minot, ND
5,460,208
Let the experts raise the ratios to the 30's when they report.
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Bob "RealMan" Timm
Minot, ND
5,288,738
As others have said, will be interested in the lenders' responses to your question.
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Bob "RealMan" Timm
Minot, ND
21,859
between 20-35% usually...i dont pay much attention to the front end though, back end (total) DTI is usually what i'm working with