We understand that the general rule is 41% max but there are various scenarios where someone could still get approved with a DTI over 41%. Please reach out to our instructor@mortgageeducators.com email, if you would like to find out more.
While there might be various scenarios where a borrower with VA could get a 43% back end, for teaching purposes, I believe you should be using 41% so as to not confuse students who are trying to get a handle on all the terms, rules, regulations, etc. This just adds to any possible confusion in my opinion.
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question why is there a front end ratio if they have to take away the debt and use the back end ratio.whats is the front end use for?
Good explanation
Video has an error, Max DTI for VA is 41% not 43%
We understand that the general rule is 41% max but there are various scenarios where someone could still get approved with a DTI over 41%. Please reach out to our instructor@mortgageeducators.com email, if you would like to find out more.
While there might be various scenarios where a borrower with VA could get a 43% back end, for teaching purposes, I believe you should be using 41% so as to not confuse students who are trying to get a handle on all the terms, rules, regulations, etc. This just adds to any possible confusion in my opinion.
43
Old but above 41% is circumstantially possible
LETS GO