My New Blog

Regulations continue to change. I'm working on a conforming jumbo loan right now, great borrower and well qualified.  Even though I was able to get an "approved - eligible" with a 52% debt to income ratio on this loan, lender guidelines are capping the DTI at 45%.  This is a recent change that wasn't annouced.

There is still loan money to be had, guidelines are making it difficult to obtain for even prime borrowers.  Make sure you are able to document everything. Don't throw anything away that could help you with the loan process.

Randy