Post Closing Reserves 2 Months PITI
Max ratio 31/43
Loans exceeding the above ratios must have multiple compensating factors, max 45% DTI,
Note: Overtime, bonus, second job, income from part-time employment, commission income and self-employment income may not be used to qualify unless the borrower has at least a two-year history of receiving the income. The two years must be consecutive years of employment, but employment with the same employer is not required.
All borrowers must demonstrate 2 years of stable employment history. Schooling does not count as employment history.
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