DTI on FHA loans

[Alejandro Valbuena]

Hey Everyone!

As someone saving for an investment property I am a little concern when it comes to the DTI. I am hoping to buy an investment property with an FHA loan, live in there for the first year or more and then move out and rent that property. Having said that, I also have a car at my name which makes my DTI lower when it comes to taking a loan. I am wondering what is the DTI maximum percentage on a FHA loan? What are some things I should be aware of when using a FHA loan? I am aware that the DTI on a conventional loan is around 36% but multiple sources have mentioned that for FHA loans the DTI is around 57%, how accurate is this?

Thanks everyone! Feel free to reach out to me for private conversation regarding investments or real estate in Miami!