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Updated about 7 years ago on . Most recent reply
DTI to low for new construction loan
I went to the bank to finance a 4-plex new construction. Loan is great I only need 10% down however my DTI is too high?
The bank said I could do it with a cosigner who had a decent income. Cash isn't an issue I have plenty of cash for the loan it's just my income because I don't have a crazy high paying job.
Anyone have any creative ideas on how I can fix this issue?
Thanks,
Christopher