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Updated almost 6 years ago,

Account Closed
  • Los Angeles, CA
11
Votes |
33
Posts

Front-End DTI Ratio Questions

Account Closed
  • Los Angeles, CA
Posted

Hello all,

I'm planning on making my first home purchase soon (within the next 30-60 days if all goes well).

I am planning on house-hacking - I have some friends willing to live in with me at the house I buy and they are willing to pay me rent. 

Since I will have roommates paying down my mortgage, is it somehow possible to factor this into the front-end DTI ratio? Has anyone seen this to be the case? Of course, I feel that if this gets factored in, I can get approved for a higher amount because less of my income will be going to the mortgage expense (my roommates are essentially paying my mortgage).


Thanks!

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