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  • Better
  • Apply now
    Purchase rates
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    Learning center
  • Apply Now
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    Cash-out refinance calculator
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    Calculate your Cash đŸ’”
    HELOC vs. Cash-out Refinance
    Learning Center
  • Purchase mortgage rates
    Refinance rates
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    HELOC rates
    Purchase VA rates
  • Get Insurance
    Title and Closing
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←Frequently asked questions

What DTI do I need to qualify for a jumbo loan at Better Mortgage?

DTI (debt-to-income ratio) is a measure of your monthly debt (student loans, car loans, credit card bills) divided by your gross monthly income (how much money you earn before taxes). DTI is one of the factors that determines what kinds of financing options are available to you, as it helps lenders understand whether you’ll be able to manage a mortgage payment in the context of other debt obligations. In order to qualify for a jumbo loan at Better Mortgage, you need to have a DTI no higher than 43%.

Related questions

  • What are the Jumbo Loan amounts offered at Better Mortgage?
  • What qualifies as a Jumbo Loan at Better Mortgage?
  • How do I get pre-approved for a Jumbo Loan with Better Mortgage?
  • Does Better Mortgage offer Jumbo Loans?
  • Are Better Mortgage jumbo loan rates and conforming rates different?
  • Can I buy mortgage points to lower my rate for a jumbo loan at Better Mortgage?
  • Question: Does it take more time to close on a Better Mortgage jumbo loan?
  • Do I need to pay mortgage insurance if I get a jumbo loan through Better Mortgage?
  • What credit score do I need to qualify for a jumbo loan at Better Mortgage?
  • What is the down payment minimum for a jumbo loan at Better Mortgage?
  • Can I still qualify for a jumbo loan at Better Mortgage if I have multiple loans?
  • What is a jumbo loan?
  • What is a nonconforming loan?