I have an LP Accept at 55% debt ratio but can't find a lender that will accept over 50%.  Any suggestions?  Some other details are 705 fico, cashout refi, 80% LTV, SFR, O/O.  Going FHA puts the ratios at 57% due to large loan amount.

Thanks

Dave -- That's going to be a tough sell. Most lenders have additional credit overlays for conventional DTI's and 55 is something that you may get a waiver on but you'll have to submit it and ask for the exception. Do you have any wholesale lenders that you send a lot of volume to? I think you're going to need to have someone on your team in a big way to get that one through.

~Jason

Dave- Plaza might be able to do it. Check with them. There is a chance that Metlife might take it. Other than that I don't know anyone who can do it.

You might try running it FHA with a 5/1 ARM. Lower ratio may get approved. The product is a solid sell with the 1-1-5 caps.

Unless I am missing something, Provident will take that file.

Check with MetLife.  I would say Parkside but i don't think they lend in your nick of the woods.  best of luck on this one.

First Cal should be able to help you out

We can send it to any of our Banks with an approval.  Are you brokering this deal or are you correspondent?  This will make all the difference in the world.  You can always try a temporary buydown on the FHA and run wihth the lower DTI's for approval.  This should work fine?

Also, check for student loans.  If they have any, get them deferred.  Also anything that has under 1 year of payments left on it can be removed from liabilities with UW approval.  If they are close to being under 12 months, have them pay that item down to 11 months.

You can also have them shop around for cheaper home insurance, this helps sometimes too.