Lenders and Real
Estate Professionals
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Information for Single-Family
Lending and
Real Estate Professionals
Program
Announcement
December 20, 2013
Important Debt to Income Changes
The total debt to income ratio for the Home Advantage program cannot exceed 45.00%. The exception which allowed lenders to go up to 50.00% with compensating factors has been removed.
The Commission will honor all loans with total debt to income ratios between 45.01% - 50.00% with all compensating factors if the loan is in “reservation” status on or before January 10, 2014.
Manual updates have been made to Section 2, page 2.1: wshfc.org/sf/00HAtableofcontents.htm
Please contact Lisa DeBrock at lisa.debrock@wshfc.org if you have additional questions.