Maximum DTI by Product

Maximum DTI	Program
Agency
50%	DU Purchase & Refinance DU High Balance Purchase & Refinance LPA Purchase & Refinance LPA High Balance Purchase & Refinance
Meet the Sheet	Agency Home Possible & HomeReady
HARP
50% - 65% See the Matrix for specific DTI requirements	DURP Fixed / ARM DURP High Balance Fixed / ARM LPA Relief Fixed LPA Relief High Balance Fixed
FHA
31% / 43%	Refer/Eligible Purchase & Refinance Streamline Credit Qualifying
37% / 47%	If the client meets residual income requirements OR has 3 months reserves: Refer/Eligible Purchase & Refinance Credit Qualifying Streamline
38% / 45%	FICO 580-619 Purchase & Refinance
50%	Approve/Eligible Purchase & Refinance Cash out Refinance that meets BOTH of the following: Min 620 FICO Max 97.75% LTV Streamline Non-Credit Qualifying
55%	Rate/Term Refinance with 660 MIN FICO Cash out Refinance that meets BOTH of the following: Min 680 FICO Max 85% LTV
Meet the Sheet	Purchase that meets BOTH of the following: Min 680 FICO Max 96.5% LTV Rate/Term Refinance that meets BOTH of the following: Min 680 FICO Max 97.75% LTV Purchase that meets BOTH of the following: 640-679 FICO Max 75% LTV
VA
45%	Refer/Eligible Purchase & Refinance IRRRL Credit Qualifying Refer/Eligible
50%	Approve/Eligible ARM Jumbo ARM IRRRL Credit Qualifying Approve/Eligible ARM
60%	Approve/Eligible Fixed Jumbo Fixed IRRRL Credit Qualifying Approve/Eligible Fixed
Not Applicable	IRRRL Non-Credit Qualifying
USDA
29% / 41%	Refer/Eligible Purchase & Refinance
50%	Approve/Eligible Purchase & Refinance
Jumbo
36% - 43%	See Jumbo Matrix for specific DTI requirements