Were working with a lender, the broker was positive we were golden. Now all of a sudden the UW is requesting a million other things, after inspection, appraisal etc. have all been paid for. Needless to say I'm worried their going to deny it a week before projected closing.
Main reason is DTI, were looking into a FHA income 2013 $47k, 2014 $59k and YTD at $59 so projected about $65 by year end. Reccuring monthly debts are a bit under $1k (my wifes car payment is killing my DTI @ $718 but her APR would have been 18.9%) She will not be on the loan due to a messy past divorce.
My GFE on the home is showing a $1,600 payment @ 4.5% including everything, PMI, Principal, Interest, Taxes and HOA Bringing me to 52% DTI. Median Score I believe is 649
Do I have any hope? If so how quick is a FHA able to be processed?