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Originally Posted by shay01  So ok got the call today from the girl in OOP and once again said after speaking to my neg that I dont qualify cause of my debt. Now when i do the calculations on my own I meet the guidelines. Help me here if I am wrong for DTI you take your recurring bills, and new payment under MOD and divide by the gross and it can not exceed 55 percent is this right??? Ok so I have 434, 80, 200 in bills that is it and you add the new payment divided by the income I come up with 52 percent and if I am not mistaking that is correct. So I told her this and she said let me check back with the neg and see what exactly is going on and call you back. So whatever looks like i will be denied again for like the 6th time. Maybe i have to start thinking about plan B it just doesnt seem I will get any help from them at all. And she keeps saying it is not them it is FHA. |
From what I understand, is that they don't use the new payment. I think they actually use the current one (I could be wrong). That's what they have been doing to me. BUT....if they're using the new payment, and you have crap on your credit report, even though you're NOT paying, they will still count that. That's the reason they gave me why we were denied the FHA-HAMP. Even though we're not paying, they still have to count them. I'm going to the NACA event on Friday.