DTI is too high with 2 mortgages in my name

[Charles Hathcock]

Hello, We have 2 homes so far, one is rented out and we live in the other. Both are FHA as the bank said it was legal since we lived in the first home for more than a year. My problem is that my credit score has tanked due to my DTI (Debt to Income Ratio). I have 2 vehicles and 2 homes in my name along with other credit cards for rehabs. Can I put one or both of the home loans into an LLC? I just called today and both lenders said that the LLC couldn't assume the loans. There's got to be another way around this, we just don't know of it yet. Any advice is greatly appreciated.

My lenders are Wells Fargo and Safe Credit Union.

[Wade Freeman]

Hey Charles, you're in the same boat as a lot of real estate investors starting out. DSCR loans are a great way around high DTI!

Also, to clarify is it your credit or dti causing you the problem?