DTI Requirement Effective with new loan reservations 01/06/20

The program maximum DTI ratio is 45% for FHA, VA, USDA-RD, Fannie Mae and Freddie Mac loans with a minimum 640 FICO. The program maximum DTI ratio is 50% for FHA, VA,USDA-RD, Fannie Mae and Freddie Mac loans with a minimum 680 FICO. This change does not affect the HIP for First-Time Homebuyer program or the HIP for Teachers program.

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home is possible for first time homebuyers

HIP For First-Time Homebuyers offers interest-free down-payment assistance with a competitive interest rate to give buyers more buying power.

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