Looking to refinance with good credit but high DTI ratio

[Phil Deshay]

Your goals and story: Looking to refinance to get a lower rate on rental property in Riverside, CA., but I keep running into a issue because of a high DTI ratio.

Type of property: It is a Single family home

Location of property: Riverside, CA 92505

Purpose of financing: Rate refinance

Type of financing sought: Not sure, Fannie/Freddie

Current or prior ownership of real estate: Currently own 2 other properties

Occupancy: Currently rented with traditional lease

Value of property at present: $510,000

Anticipated or actual appraisal issues: none

Current rents per month: $2395

Fair market rents per month: $2500

Equity: At least 100K in equity after refinance

Income Source: Hourly W2 and self employed income

Gross monthly income (optional): $12,900

Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $9100

FICO: Good credit