From the RatesQ team · Sample question

My DTI is 47%. Can I still get approved for a mortgage?

This educational scenario and its sample explanations are not posts from real users.

I ran the numbers and my DTI would be around 47% with the house I want. My credit is 730 and I have $40k in cash after closing. Is this a dealbreaker?

Quick Summary

  1. A debt-to-income ratio alone does not establish mortgage eligibility.
  2. Income documentation, credit, reserves and program rules also affect review.
  3. Ask which debts and income amounts were included in the calculation.

Sample explanations

From the RatesQ team

47% isn't a dealbreaker with 730 credit. Fannie Mae's DU (automated underwriting) regularly approves DTIs up to 50% when the borrower has compensating factors — strong credit, reserves, stable employment history. Your 730 score and $40k remaining after closing are good compensating factors. Apply and see what the AUS (automated underwriting system) says. It's not always predictable from the DTI alone.

From the RatesQ team

47% DTI with 730 credit and solid reserves has a good chance of getting an approve/eligible from DU on a conventional loan. If it comes back as 'refer,' FHA with its higher DTI tolerance could be a backup. Also worth looking at whether paying down any current debt before applying would drop your DTI below 45% — sometimes eliminating one small debt payment can shift an AUS decision. Your lender should be able to model scenarios before you formally apply.