GCA - Mortgage Bankers's video: Debt to income ratio issues

1. Guidelines for the debt-to-income ratio in the VA The debt-to-income ratio of the VA loans depends on the automatic arrangements under the automatic underwriting scheme. The United States Department of Veterans Affairs (VA) does not require minimum creditworthiness requirements. With VA loans, there are no restrictions on the debt-to-income ratio. However, most lenders will require between 620 and 640 credit points. Most lenders will reduce the debt to income ratio of VA home loans to 43-50%. Gustan Cho Associates Mortgage Group has no VA loan limits. We have no creditworthiness requirements or DTI limits for VA home loans. - There are cases where the debt to income ratio of VA loans can be as high as 60% - This happens if your automatic insurance system approves it due to offsetting factors and residual income - To be safe, having a 41% debt-to-income ratio for VA loans almost guarantees automatic approval * VA loans are only for veterans with eligibility documents and VA loans do not require a down payment. Read more https://gustancho.com/mortgage-with-high-debt-to-income-ratio * You want to know more, contact The Gustan Cho Team at 262-716-8151 or send a text message for a faster response. Or write to us at gcho@loancabin.com. We are available 7 days a week, in the evening, on weekends and holidays. * CHECK IF YOU QUALIFY: www.gustancho.com/fast-quote ***** Follow me ***** on Social Media 1. https://www.facebook.com/TheGustanChoTeam/ 2. https://www.facebook.com/alexcarlucciMortgage/ 3. https://www.instagram.com/gustanchoas... Be sure to subscribe for more: https://www.youtube.com/c/GustanChoAssociates ALEX CARLUCCI - SVP Mortgage Banker, NMLS # 229891 ALEX STATE LICENSES: - Alabama - Colorado - 100511536 - Florida - LO40799 - Illinois - 031.0026265 - Indiana - 38913 - Michigan - 229891 - Mississippi - Pennsylvania - 72654 - Tennessee - 200345 COMPANY ALL-STATE LICENSES: - Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Texas , Ohio All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Copyright © 2021 - Gustan Cho Associates NMLS 873293, DBA of Loan Cabin Inc. NMLS 165732 Address: 1910 S Highland Ave, Suite 300 Lombard, IL 60148 debt to income ratio, income ratio, ratio issues