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Debt / Income Ratio

Started by 1sttimebuyer
almost 16 years ago
Posts: 2
Member since: Mar 2010
Discussion about
My broker is telling me that Co-op boards will only look at debt / income ratios of 25 - 28% between mortgage / maint of annual income (I have no outstanding debt). Is this the case? The broker is pushing it very hard. I will be putting down sizable down payement (up to 50%) as well as have sufficient liquid assets to cover the majority of the remaining cost on the apartment sale, but am looking at a percentage closer to 35%. Does the 25 - 28% DTI ratio apply in most / all situations?
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