self employed: Changes coming to Fannie Mae loans on July 29th 2017 - 06/23/17 03:58 PM
Some great changes are coming to Fannie Mae loans on July 29, 2017. This benefits Texas homebuyers by allowing more people to qualify under more flexible guidelines. Fannie Mae recently announced new changes to its Desktop Underwriter® (DU®) Version 10.1 in order to make underwriting easier and simpler for Texas home buyers.
Big changes coming to Fannie Mae loans on July 29, 2017
One of the best changes that will help many borrowers with debt-to-income ratios between 45% and 50%. The DU Version 10.1 maximum allowable debt-to-income ratios (DTI) will be adjusted to consider applications with a maximum DTI of 50%. … (1 comments)