DTI and Dodd Frank

[Kathleen DeNault-Ridge]

With the recent mortgage reforms (Dodd Frank), what is the "standard" for DTI that lenders are looking for now? I'm exploring the financing of small multi's (4 or less units) for a long-term buy and hold investment strategy through conventional financing and i'm concerned about the impact of my DTI on the financing possibilities.

TIA,

Kathleen

[Curt Smith]

Dodd Frank applies only to owner occupants.   Unless you'll occupy one unit. 

Talk to several independent mortgage brokers re your qualifying. 

Take on a credit partner typically an Invester. They'd doit as for the zero cost prospect of getting a good property.  IE like a zero cost option to sign onto a loan.   I agree this is remote.  Some times parents or siblings will help.