All Forum Posts by: Gabriella Husten

Thank you ... I've read that fha can allow up to 56 percent. Is that true. ?? We're just nervous about all this! Obviously we aren't that high.. But just super nervous 

hello my fiance and i are buying a house (well hoping to!) I'm concerned with our DTI being too high (because of my student loans) for FHA loan and us being denied last minute. here are the details:

our income is 66000/year minimum

so front end is 29%

Our monthly debt is 1600/month with 880 being student loans and the rest is 2 cards and very minimal cc's.

so back end with our new house payment (`$1115, PMI, home insurance and taxes) loan 153000, is 49.3%.

My fiance is a firefighter and has PT jobs that he brings home at minimum 20,000/year that they wont calculate in since he hasn't been there for 2 years. So we know financially we can afford the payment. 

We have $5000 additional funds after closing and down payment, his credit score 749 mine 654, nervous on the income aspect and also the DTI... any thoughts? our loan is 30 year fixed at 3.5%.

ok thank you. I was just concerned with our dti being high because of my student loans, I know its hard to relax through this process, but thanks:)

ok question, i need some thoughts ! my fiance and i are in the process of buying our first home, fha, we put an offer in on feb 14 signed the contact on the 15, closing date is march 31, we signed all our loan paper feb 22, his score is 747 mine 654, i have a few derogotory(1085$) accounts on my credit from 2010 so the lo requested a letter of explanation but said it isnt an issue(im getting them taken care of) our combined income is $68,716 on the low end (they are averaging 30hours/week for me, im a nurse and work 36 but apparently they are only using 30?) our loan is for 153,000, payment with tax, pmi, and home insurance is 1115/month. 30 year 3.5% fixed rate  Our additional debt is 1700/month with my student loans, small credit card debt  and our cars, we are a nervous wreck and worried about denial because of my student loans, we have pleanty in the bank for downpayment plus additional payments, (seller is paying closing) would they submit our stuff if they felt it would be denied? advice please :)