High Debt-to-Income Loans

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Many people have high debt-to-income ratios and can still qualify for a mortgage loan. Elite Financial offers options for those with high debt-to-income ratios.

A debt-to-income ratio (also sometimes referred to as a DTI) is simply the percentage of one’s monthly gross income that then goes toward debt payments. In most cases, a DTI over 40% is unfavorable for those individuals looking to borrow through a bank, as a high DTI creates a red flag to banks that you might not be able to afford the necessary monthly mortgage payments. (This is often the case for first time home buyers who still have a lot of debt due to student loans or other outstanding loans.)

At Elite Financial, higher debt-to-income loans are accepted because we don’t have additional underwriting layers. We offer these loans as provided through Freddie Mac, VA, Fannie Mae, FHA, and a variety of other portfolio lenders. This allows you to be able to qualify for a loan with ratios as high as 60% in some cases, provided the loan is deemed a safe risk by you and the underwriter. While we may be able to get you the maximum loan, we will communicate the potential risks and help you make an informed decision.

Find out if we can get you financed with high debt-to-income ratios. Contact Elite Financial today!





This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Availability of programs is subject to change without notice.