HomeLight

FEBRUARY 7, 2025

Your ability to finance a home purchase often hinges on a metric called a “debt-to-income ratio” (DTI) a percentage that shows how much of your monthly income goes toward debt payments. A debt-to-income ratio for a mortgage is a key that can open or lock the door to homeownership.

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Debt-to-income ratio Mortgages Loans Finance 59

Housing Wire

APRIL 7, 2021

A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. Because of this, today’s lenders are more than willing to work with potential first-time homebuyers who have debt, just as long as their debt-to-income ratio (DTI) isn’t too high.

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Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured.

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Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Homeowners who want a cash-out refinance might have a low first rate that they want to keep.

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Debt-to-income ratio Mortgages Banks Investor 459

Housing Wire

JANUARY 13, 2021

and how much a potential homeowner would need to earn to live comfortably. They look at your credit score, debt-to-income ratio, which is the percentage of your monthly gross income that goes toward paying debts and your projected down payment. New York City, New York. Affording a home in the U.S.

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Housing Wire

MARCH 3, 2024

The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs). Even the relatively slight rate pullbacks of December and January spurred a growing number of homeowners to refinance.

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Loans Debt-to-income ratio Lending Banks 514

Housing Wire

SEPTEMBER 16, 2021

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report.

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Loans Debt-to-income ratio Mortgages As-is 418

Housing Wire

FEBRUARY 5, 2024

Refinance Incentive Lower interest rates have also begun to slowly increase refinance incentives for existing homeowners, particularly among the 4.3 Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. million mortgages originated in 2023. million to 3.8

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Housing Wire

MARCH 14, 2023

Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2022 state of Hispanic homeownership report on Tuesday. million Hispanic homeowner households. Today, there are 9.2

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Debt-to-income ratio Mortgages Closing costs Equity 418

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. For most, this means bringing a homeowners insurance agent into the transaction much sooner than they used to. “We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

SEPTEMBER 17, 2024

. “There’s been an explosion in high-DTI lending since I left FHFA,” he said, pointing to the fact that some Federal Housing Administration (FHA) borrowers have a 57% debt-to-income ratio. DTIs on Fannie- and Freddie-backed loans have also risen, he said. “What we saw during COVID was the No.

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Debt-to-income ratio Loans Lending Finance 434

Housing Wire

MARCH 4, 2021

In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”. Amending the QM Rule has been a long process.

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Housing Wire

MARCH 30, 2021

When the Bureau announced its proposal to delay the rule, it cited concern for homeowners affected by the pandemic. “At In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”.

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Debt-to-income ratio Loans Mortgages Lending 476

Housing Wire

MAY 4, 2022

Household balance sheets have improved: Since the Great Recession, mortgage rates have generally declined helping homeowners refinance into lower mortgage payments, while steadily rising home prices have significantly boosted homeowner equity.

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Housing Wire

MARCH 20, 2024

While lower home prices might appear advantageous to buyers who navigate the market without professional guidance, they pose a considerable risk to current homeowners. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets. For these buyers, every dollar matters.

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Keeping Current Matters

AUGUST 20, 2020

As reported by Odeta Kushi, Deputy Chief Economist for First American : “Despite the federal foreclosure moratorium, there were fears that up to 30% of homeowners would require forbearance, ultimately leading to a foreclosure tsunami. Today, the options available to homeowners will prevent a large spike in foreclosures.

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Housing Wire

JUNE 29, 2022

The report found that while the majority (75%) feel confident about eventually securing a mortgage, a large percentage of millennial and Gen Z future homebuyers see an insufficient down payment or closing funds (46%), their high debt-to-income ratio (45%) and bad or no credit (38%) as barriers to approval.

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Debt-to-income ratio Loan Officer Loans Mortgages 459

BAM Media

JANUARY 7, 2025

BAM Key Details: The Aspen Institute reveals a massive wealth gap: homeowners boast a median net worth of $396,500, while renters sit at $10,400. Median net worth has surged to a record $10,400, thanks to pandemic-era support and rising incomes. However, that still falls far short of the $396,500 median net worth of homeowners.

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Housing Wire

AUGUST 5, 2022

Their letter cites findings from the Urban Institute, that for nonbank originations, median credit scores are consistently lower, and median debt-to-income ratios are consistently higher than those of banks. of mortgages and 5.9% of bank loans. “In

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Banks Debt-to-income ratio Lending Loans 448

Housing Wire

MAY 3, 2023

. “The home purchase market is more sensitive to a reduction in mortgage rates at current rate levels, with the refinance option still out of the money for a vast majority of homeowners (…). Additionally, higher rates create higher debt-to-income ratio calculation, resulting in qualifying for lower mortgage amounts,” Mendenhall said.

Mortgages 448

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 448

Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. Additionally, for homeowners that stay with the same carrier and policy, renewal rates have experienced an even steeper incline.

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Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. is expected to begin trading on the Nasdaq Stock Exchange on Thursday under the ticker symbol “BETR.”

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Housing Wire

MARCH 10, 2023

Though “it’s not cheap money,” Toohig said it’s on “smaller balances of $50,000 to $100,000, not a $400,000 mortgage,” so that makes it more attractive to homeowners, especially those not interested in giving up their low 3% mortgages by refinancing to pull out equity at new rate that is twice as high today.

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Housing Wire

AUGUST 27, 2021

In the research piece they acknowledged that “many other factors affect interest rates including wealth, debt, credit score, downpayment, mortgage amount, and duration.” This rule remains in effect today.

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Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 448

Housing Wire

JANUARY 21, 2022

Over time, these energy efficiencies save the homeowner money, and it basically lowers the borrower’s debt-to-income ratio,” McDonough explained. He explained that Angel Oak’s planned EEM loan will allow a borrower to finance energy-efficient improvements through a single mortgage.

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Housing Wire

JULY 25, 2023

According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said.

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Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. The physical damage and financial strain caused by recent hurricanes have affected homeowners’ abilities to meet their mortgage obligations.

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VA loan Mortgages Debt-to-income ratio FHA loan 305

Marco Santarelli

MARCH 4, 2025

Important Note: These are just estimates and don't include property taxes, homeowner's insurance, or any potential HOA fees. Debt-to-Income Ratio (DTI): Lenders want to see that you have a handle on your debt. Generally, refinance rates can differ from those for new purchases.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

RIS Media

DECEMBER 9, 2024

Home affordability continues to stand between prospective homeowners and their dreams as home prices and mortgage rates stay higher for longer. Student loan debt is a common obstacle for first-time and some repeat homebuyers.…

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Loans Debt-to-income ratio Mortgages As-is 105

Realty Biz

APRIL 5, 2022

Homebuyers and/or homeowners can qualify for an FHA and/or VA loan during Chapter 13 Bankruptcy one year into the Chapter 13 repayment plan. Manual underwriting is similar to automated underwriting system approval except there is lower debt to income ratio cap. Debt to Income Ratio on Manual Underwriting.

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Bankruptcy Debt-to-income ratio VA loan FHA loan 120

RIS Media

JUNE 5, 2021

Homeowners who haven’t capitalized on historically low mortgage rates are getting another chance to lower their monthly payments under Fannie Mae’s new RefiNow option. The program offers low-income homeowners with Fannie Mae-backed mortgages an opportunity to refinance and save money on their loan payments.

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RIS Media

JUNE 3, 2021

Those who could not get refinanced were declined for many of the same reasons, from a high debt-to-income ratio to poor or no credit history. High Debt-to-Income Ratio . Your debt-to-income ratio is the percentage of your monthly gross income used to pay off your debts.

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Debt-to-income ratio Principal Lending Equity 105

HomeLight

OCTOBER 28, 2024

The 5-year rule is a general guideline many homeowners follow when deciding whether to sell their home. Will your debt-to-income ratio permit a new loan? To get a better profit snapshot, try HomeLight’s Net Proceeds Calculator. What is the 5-year rule?

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Broke Agent Media

FEBRUARY 13, 2023

BAM Key Details: Fannie Mae’s National Housing Survey shows homeowners are increasingly worried about the ability to save money and afford necessities, including mortgage payments. With inflation outpacing wage growth, many have had to resort to using their previously built-up savings while also taking on more consumer debt to cover expenses.

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Debt-to-income ratio Mortgages Finance Loans 98

Realtor.com

APRIL 20, 2021

For many Hispanic buyers, COVID-19 cemented their desire and accelerated their plans to become homeowners. They’re expected to make up 70% of new homeowners over the next 20 years. However, there are challenges that are holding back more Hispanic buyers from becoming homeowners. of Latino wealth. . down payments.

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Debt-to-income ratio Mortgages Equity As-is 98

GeekEstate

JUNE 26, 2022

Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. We want to make the journey to owning a home more accessible, transparent and empowering. What’s next for you?

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Marco Santarelli

MARCH 4, 2025

They looked at what it takes to afford a home at various price points, considering a 20% down payment , an estimated 30-year mortgage rate of 6.76% , and also factoring in those often-forgotten but crucial costs like property taxes and homeowners insurance. For a $400,000 Home: The required income jumps to around $106,100 per year.

Mortgages 83

Mortgages Debt-to-income ratio Principal As-is 83