Second Home Mortgage Question

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Attempting to relocate to Texas. Own a home in Chicago that has not sold. Can anyone do a mortgage with a 53% ratio? Can put 10% down. Have chosen a property @ $329000. Need a North Texas area broker asap.


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Might check with MetLife Home Loan retail, we can do over 50 DTI on FHA loans with DU approval. Not sure anyone does conforming at those DTI levels, especially with PMI involved.

Answered 6 months ago
Ted Rood
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Conventional loans will not go that high on DTI – MI is a problem too. FHA will but then (depending on county) you run into max FHA loan amount.

Answered 5 months ago

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