Category: STL Realtors Association

43% Debt-to-Income? FHA Imposing Hurdles

If you’ve been following the news you might have heard that FHA is putting up hurdles for higher-risk borrowers to get their home loan application approved. The Federal Housing Administration on March 14 said applicants with a credit score of 620 or lower or debt-to-income ratio of 43 percent would get their loan application reviewed