I’m currently applying for the loan based on my income, credit score, etc and the trust’s assets.

As the consumer, we should be well prepared with your personal info(credit scores, dti, taxes, insurance, etc) to get a baseline estimate.

I make $90K with a credit score of 802, and have no debt, but I thought that my debt-to-income ratio had to stay below 0.5, not? 

I meet the requirements, which are: 1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.  

Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab. 

I meet the requirements, which are:1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.

I met with a new bookkeeper today and she referred me to the SCORE Mentorship Program.

Most Lenders will require a minimum credit score of 620 or higher to qualify4.

Local credit unions, big 5 banks, regional, everything in between.

So going with the idea you aren't going to live in it, at 20% this would mean you could possibly buy a $150,000 rent-ready house if your DTI and credit score are good.