Effective immediately, the temporary maximum DTI limit of 55% for all credit qualifying products is rescinded. The maximum permitted DTI stated in the product matrices applies. This includes FHA, VA, USDA and Conventional products for both Manual and AUS Underwritten Loans.
CMS previously announced temporary guidance in this Bulletin that the maximum permitted DTI was 55% for all credit qualifying products. Program guidelines were not updated due to being temporary guidance. CMS is rescinding this temporary policy.
Contact your Account Executive with questions.
The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.
Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00