Shouldn't PITIA paid by LLCs be excluded from personal DTI calculation?

[Jim Collins]

I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my daughter to househack and lender I spoke with says that we need to calculate the debt for all the other properties I own and pay from businesses into DTI.

Is it true? Or am I speaking with a wrong lender? And of so, any lenders in Texas who can help me get this conventional mortgage? My personal residence payments are less than 15% from combined personal income. But if we add all the rentals sure DTI will be over 50%.

[Chris Seveney]

Quote from @Jim Collins:

I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my daughter to househack and lender I spoke with says that we need to calculate the debt for all the other properties I own and pay from businesses into DTI.

Is it true? Or am I speaking with a wrong lender? And of so, any lenders in Texas who can help me get this conventional mortgage? My personal residence payments are less than 15% from combined personal income. But if we add all the rentals sure DTI will be over 50%.

While you noted you are paying from business accounts, whose name is on the loans? Is it yours or your LLC? Is there a personal guarantee for the loans?

If the loans are in your name, it does not matter who is paying, they are a debt obligation. If they are non recourse then you would not have to include them but my guess is they are recourse even if in the LLC, so yes you would need to include them.