Debt to income ratio to change

Real Estate

Whether you have student loans or you just purchased a new car, this program will allow you to have a little more debt and still qualify for a home loan.

Allowing people to have 5% more debt does not seem to have an impact on whether or not default.

So what does this mean, for every $10,000 in income you can have $5000.00  or less in debt.

You will still need good credit.

Let's start working now to make sure we can get you into a home once the changes take place

Click on this link to check out active homes on the market. Use the filter box to define your search and use the draw button to define location.

http://www.homesizing.com/map/

 

https://therealdeal.com/2017/06/09/fannie-mae-taking-a-friendlier-approach-to-debts/