You need a lender that understand HUD procedures this should not be a requirement for the lender and obviosly the one you are using has no experience on this type of transaction, I can give you 2 options to use if you are still in need of one :)
If you still need some help here or another opinion, please feel free to contact me directly. I work for a mortgage bank that can go up to a 55% DTI. As said below, it will depend on what the appraisal says about the condition of the pool.
Please feel free to contact me; I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite and fund, in-house, FHA, 203(k), VA, USDA, Jumbo, Conventional, loans to Canadians, Australians & other Foreign Nationals, on time. NMLS ID 263779 | AZ BK 0903725
I would look at other lenders and typically not the big banks. Most all Realtors have our own favorite lenders that we refer out on a regular basis.
Do you have a Buyers agent representing you?
Arizona Homes for Sale by a Guy from Iowa
Here is a good blog on reducing your monthly bills. Even thought you can get a loan while have 50% DTI, wouldn't it be nice to get rid of some of it? Hope this helps