Tim Bray, B.S. Real Estate (UConn) (Sotheby's Intl Realty (William Pitt))

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Rainer
179,115
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Front end ratios are a thing of the past. It used to be we used ratios of 28/36%, but now we use a backend ratio of 50% for conventional, and 56.99% for FHA. Only VA and USDA use both front and backend ratios. IMO, it never mattered what the front ratio was, as long a the backend ratio worked

Mar 20, 2019 07:15 AM
Rainmaker
1,523,667
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Much higher for so many who want to own homes, hence, they do not qualify.  I have personally seen many over 60% due to excessive credit card debt. I have select programs for ratios higher than 28%, but the credit profile must be reviewed

Mar 20, 2019 06:49 AM
Rainmaker
1,458,545
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answer, Bob!

Mar 20, 2019 09:14 PM
Rainmaker
1,037,203
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Will read the answers.

Mar 20, 2019 07:45 PM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Thank you for the information Tim.

Mar 20, 2019 04:48 PM
Rainmaker
1,212,979
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks for the question.  I learned something new today from it and Bob Betel's response.

Mar 20, 2019 08:36 AM
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4,065,918
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Folks like Bob Betel know so much more about these matters than I do, thanks for the info.

Mar 20, 2019 07:26 AM
Rainmaker
2,904,794
Richard Weeks
Dallas, TX
REALTOR®, Broker

Will check back to see what others have to say.

Mar 20, 2019 03:18 AM
Rainmaker
4,877,535
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

will be back to see what the experts know....

Mar 20, 2019 03:47 AM
Rainer
16,093
Steve McRory
Pro Option Mtg. 888-662-4404 - Palm Beach, FL
Mortgage Loan Originator

Believe it or not, Rental / Investment property mortgages are offered at NO RATIO  (i.e. no doc income) up to 80% ltv and with a seller held or business partner or family member held 2nd mtg, up to 90% Cltv. 

Mar 27, 2019 06:22 PM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Will let the experts respond to this - as you asked!

Mar 21, 2019 01:19 PM
Rainmaker
985,784
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Higher in our area.  

Mar 20, 2019 09:05 AM
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Parked and Reading. 

Mar 20, 2019 09:02 AM
Rainmaker
1,567,303
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

This beyond my need to know.

Mar 20, 2019 08:54 AM
Rainmaker
4,322,601
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Experts know better. 

Mar 20, 2019 08:49 AM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Interested to see what our AR lenders have to say

Mar 20, 2019 07:20 AM
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Let the experts raise the ratios to the 30's when they report.

Mar 20, 2019 04:23 AM
Rainmaker
2,982,441
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

As others have said, will be interested in the lenders' responses to your question.

Mar 20, 2019 03:54 AM