High Debt Ratio Loans

High Debt Ratio Loans in Vermont

Mansfield Mortgage is your local expert on debt to income ratio (DTI) mortgages in Vermont. Offering loans to those with high debt to income ratios who qualify. The high debt ratio mortgage loan is for those with a high monthly debt compared to their monthly income. These loans require more personal information. Contact Mansfield Mortgage to learn more and apply for a debt to income ratio mortgage loan!

Monthly Income vs. Monthly Debt (high debt ratio mortgage loan)

When it comes to borrowers that have a high debt ratio (monthly income vs. monthly debt), our best option is to provide the borrower with an FHA loan. There are limitations to every loan but we have the ability, provided we have a credit score over 660 to get an approved loan up to a 56.99% back end debt ratio.

That said, these loans need a full work up including application, credit report, and income and asset documents. Once your loan officer has all of this information they can begin to construct the loan and start to dial in the final debt ratio so we know how much we can qualify you for.

These loans often require us to contact your employer in order to obtain a written Verification of Employment in order for us to figure out exactly what income we can use for you to qualify.

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