Effective for all loans rate locked on or after November 2, 2020, the maximum total Debt-to-Income (DTI) ratio cannot exceed 45.00%, regardless of the automated underwriting decision or compensating factors. Loans rate locked prior to November 2nd will be subject to the existing maximum DTI of 43.00%
Please refer to each first loan’s Program Handbook for acceptable automated underwriting system (AUS) decisions.
Please see the program bulletin below for all the details:
