Fannie Mae – High DTI – QM Eligibility: If a client has a DTI over 43% and is approve/eligible is this considered a non-QM loan?

Answer: As a Fannie Mae loan it would be considered QM.  However, if it is a portfolio loan for a specific lender/investor that is not a Fannie Mae agency loan, then it would likely be considered a non-QM loan.  Some portfolio lenders will use DU or LPA to evaluate risk and determine if the loan […]

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