Marco Santarelli

MAY 19, 2025

Your Income and Debt-to-Income Ratio (DTI): Lenders want to see that you can comfortably afford your mortgage payments. Consider Different Loan Types: Explore different loan options to see which one best suits your needs and financial situation.

Mortgages

Redfin

AUGUST 5, 2025

Conventional loans : These are not government-insured and are typically offered by private lenders. They often require higher credit scores and a lower debt-to-income ratio than FHA or VA loans, but can offer more flexibility on property types. They often require no down payment.

Bankruptcy

Rochester Real Estate

NOVEMBER 5, 2015

As always, your agent should be able to point you in the right direction and your loan officer will be able to answer any FHA loan questions and provide guidance for filling out the mortgage application. These include improving credit and balancing your debt to income ratio. Happy house hunting!

Finance

Redfin

JULY 9, 2025

A loan officer manually reviews your documents and verifies your information. To determine your eligibility, lenders typically review: Credit score and report: Most lenders require a minimum score (often 620 for conventional loans). Income and employment history: Pay stubs, W-2s, or tax returns.

Pre-approval

Housing Wire

JULY 10, 2025

Rate predictions went awry Mark Worthington, a Bend, Oregon-based branch manager for Churchill Mortgage , says that clients were misled by loan officers who thought they could “predict” rates, leading them to push their budgets. “Most loans have a typical debt-to-income ratio of approximately 45%.

Debt-to-income ratio

Housing Wire

MAY 7, 2025

She was a responsible borrower but made a mistake: she had lost track of her student loan payments and was 60 days late. The client, who logged into her student loan portal and made a payment, is now in limbo about whether a new credit report needs to be pulled in her 90-day escrow, the loan officer at Guild Mortgage told HousingWire.

Loans

Housing Wire

OCTOBER 27, 2020

It’s how much debt you have and how you manage it that matters to lenders. To see if your student loans will be a problem, it’s important to consider your debt-to-income ratio—or how much of your monthly income your loans and other debts take up. Just remember: A perfect score isn’t everything.

Debt-to-income ratio

Housing Wire

MAY 29, 2024

For his client, who had many BNPL loans on her bank statement, paying them off made a significant difference since her debt-to-income ratio was too high. She was fortunate enough to have the ability to repay the loans and meet the requirements to qualify for a mortgage.

Debt-to-income ratio

Housing Wire

MARCH 30, 2021

Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined.

Pre-qualification

Housing Wire

OCTOBER 10, 2024

In November 2023, Wells Fargo sued LoanSnap for $431,511 in a district court in Minnesota, alleging breach of contract in selling a mortgage that did not meet contractual requirements, such as excessive and unsupported debt-to-income ratios. The total judgment in these cases is more than $1.1

Debt-to-income ratio

Keeping Current Matters

DECEMBER 21, 2020

Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. New debt comes with new monthly obligations. People with new debt have higher debt-to-income ratios. Before you transfer any money, speak with your loan officer.

Debt-to-income ratio

Housing Wire

JUNE 29, 2022

Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. For mortgage professionals looking to buoy their loan volume through the rest of the year and beyond, understanding the motivations, behaviors and the barriers to entry for these borrowers will only become more vital for success.

Debt-to-income ratio

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans. 1, 2022.

Debt-to-income ratio

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio

Housing Wire

APRIL 4, 2022

As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage. Mark Westcott, a loan officer at CrossCountry Mortgage , said that borrowers who were pre-qualified at 3.5%

FHA loan

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. There’s no question that 2022 has seen serious changes to the housing market.

Debt-to-income ratio

Housing Wire

NOVEMBER 10, 2020

As is true with loans sold to Fannie and Freddie, non-QM lenders must ensure the borrower can pay back the loan and is credit-worthy. But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio.

Debt-to-income ratio

Housing Wire

AUGUST 27, 2021

When I started my career as a loan officer, there were no credit scores. The philosophy was that no credit wasn’t necessarily bad credit and underwriters could make judgement calls in order to approve a loan. This rule remains in effect today. The problem is that the old process resulted in racial bias as well.

Purchase and sale agreement

Housing Wire

JULY 25, 2023

Accurately calculating a customer’s front-end debt-to-income ratio (DTI) requires accounting for all housing expenses, including homeowners insurance premium. In the worst-case scenario, the rising cost of insurance could lead to a mortgage being denied during the underwriting process.

Marketing

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. They have 100% financing, no mortgage insurance and there is no longer a loan limit and I am often able to give customers better interest rates even if they do not have a great credit score or their debt to income ratio is high.

VA loan

Housing Wire

AUGUST 26, 2024

Middleman pointed to average loan-to-value ratios of 50%, average debt-to-income ratios in the low 40% range, and credit scores in the low 700s as indicators of an “extraordinary” credit. And we really think we’re gonna have these customers with us for a really long time. That’s our goal.”

Mortgages

Point2Homes

OCTOBER 6, 2020

When you apply for a mortgage, the loan officer will review your income and compare it to your monthly expenses, which is your debt-to-income ratio — the lower the ratio, the better. Typically, to be eligible for a mortgage, your debt-to-income ratio must be 43% or less.

Debt-to-income ratio

GeekEstate

JUNE 26, 2022

Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. Mortgage loan officers send us their clients who aren’t quite ready for a mortgage yet.

Debt-to-income ratio

Realtor.com

NOVEMBER 11, 2022

Step 3: Learn how a loan officer can help. If your financial profile reveals issues that throw a wrench in your ability to buy a home, your loan officer can recommend to you how to make improvements to it.

Pre-approval

Realtor.com

NOVEMBER 28, 2022

For most loans, this mortgage insurance remains throughout the life of the loan, or until you refinance out of an FHA loan to get rid of it, says Jordan Dobbs , a loan officer at Washington First Mortgage in Rockville, MD. A maximum debt-to-income ratio of 43%.

FHA loan

Realty Biz

JANUARY 4, 2022

Without including him on the title, your father would never be able to own the home, refinance it, or use it to guarantee a loan for himself. The loan on your home would count against his debt-to-income ratio, he may even have trouble qualifying for a personal loan for which he otherwise would qualify.

Debt-to-income ratio

HomeLight

SEPTEMBER 1, 2022

Student loan debt doesn’t make it impossible to live out your dream of homeownership; it just makes it a bit more difficult because of its impact on your debt-to-income ratio (DTI), credit score, and down payment savings. Debt-to-Income ratio.

Debt-to-income ratio

HomeLight

JUNE 22, 2023

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

Debt-to-income ratio

Realty Biz

MARCH 9, 2021

If a parent or parents currently have a home mortgage and other debt, it would seem a bit of financial stress to take on a 2 nd mortgage on a separate mortgage. For the Family Opportunity Loan, the guidelines state that the debt to income ratio can be as high as 50%. Fannie Mae Does Not Require Large Down Payment.

Pre-approval

Broke Agent Media

JANUARY 9, 2023

Hold off on large purchases that require financing —This is not the time to make any large purchases that involve financing (cars, boats, major appliances), which would increase their debt-to-income ratio and negatively impact the size of the mortgage loan for which they can qualify. . Nicole Bachaud.

Loans

HomeLight

NOVEMBER 29, 2023

“When they lock their loans, they’re transferring the risk of the rate rising during the time it takes to process the loan.,” They’re giving it to the lender, broker, or loan officer, so they are now responsible for handling that interest rate risk.” That’s an increase of $14,859 over the life of the loan.

Mortgages

Realty Biz

JUNE 15, 2022

Department of Veterans Affairs (VA) loan. Check with your loan officer to see if you qualify for any first-time buyer programs. Student Loan Debt Must Be Paid off. The notion that you must be free and clear of student loans in order to qualify for a mortgage simply isn’t the case.

Debt-to-income ratio

HomeLight

SEPTEMBER 21, 2022

Consult your loan officer. You might be able to use your rental income to help offset your debt-to-income ratio when applying for a mortgage on a second home, so be sure to talk to a licensed loan officer about that possibility. Some good financial news!

Debt-to-income ratio

Realty Biz

OCTOBER 20, 2020

You’ve never had trouble qualifying for a mortgage because your credit rating was high, your debt-to-income ratio was good, and you bought a house that you could afford. One treats ongoing distributions from IRAs, 401k accounts, and similar funds as income that’s acceptable for home-mortgage applications.

Mortgages

HomeLight

OCTOBER 15, 2020

Fannie and Freddie set requirements that all buyers have to meet to get a conforming loan. Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in). The most common interest options for conventional loans.

Loans

Realty Biz

JANUARY 19, 2024

Many first-time home buyers have low credit scores and need help with high debt-to-income ratios. It takes a special loan officer who knows exactly how to work through these issues to help make their first purchase go smoothly Calculating Your Budget Determining your budget is a crucial step in the home-buying process.

Debt-to-income ratio

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. For example, you can get approved for an FHA loan with very low credit scores. Reduce your existing debt. These government-backed programs often have more lenient credit requirements.

Finance