As of January 4th DTI qualifications in DU will go from upwards around 55 to 60% back end DTI to 45% DTI. Debt To Income Ratio's
Credit qualifications will go from 580 to Minimum 620.
If you want to know what this means to you give me a call.
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Great American Title - Phoenix, AZ
One has nothing to do with the other.
The issue with the changes are qualifying is going to become more difficult if you have a higher back end DTI (Debt To Income Ratio).
MI is based on Fico score and LTV these days.
Dec 09, 2009 02:28 AM
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