CalHFA Program Bulletin #2020-06.
|
Last Day To Lock In 45% DTI Ratios Is
Thursday, April 30 by 3:00 pm PST
|
|
|
In anticipation of
the Qualified Mortgage (QM) patch expiring and the volatility in the
Capital Markets, effective for all loans rate locked on or after May 1,
2020, the maximum total Debt-to-Income (DTI) ratio for all eligible
borrowers for a CalHFA loan cannot exceed 43.00%, regardless of the
automated underwriting decision or compensating factors.
Please see the
program bulletin below for details:
Program Bulletin
#2020-06 - Updated Debt-to-Income Ratio
Requirements for All Borrowers
|
|
commercial appraiser, commercial appraisal, commercial appraiser la
Comments