Updated Maximum DTI for Credit Qualifying Loan Products
Effective immediately, the temporary maximum DTI limit of 55% for all credit qualifying products is rescinded.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.