Category: FHA Manual Underwriting

HUD DTI Ratio Guidelines On Automated and Manual Underwriting

HUD DTI Ratio Guidelines On Automated and Manual Underwriting

HUD DTI Ratio Guidelines (debt-to-income) is one of, if not the most important factors when determining if you qualify for an FHA loan.  What is the debt-to-income ratio you might be asking? What Is Debt To Income Ratio? Well the DTI ratio is the sum of all monthly minimum monthly payments which includes principal, interest,

Read More
HUD Chapter 13 Bankruptcy Guidelines On FHA Loans

HUD Chapter 13 Bankruptcy Guidelines On FHA Loans

HUD Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for an FHA loan during Chapter 13 Bankruptcy repayment plan with trustee approval. It needs to be a manual underwrite. The borrower can qualify for an FHA home purchase loan, an FHA rate and term refinance, or an FHA cash-out refinance mortgage. In this

Read More