FHA – Auto Lease Payments: If an auto lease payment has less than 10 months, can we omit the payment from the DTI?

Answer: For FHA, auto leases are not considered a standard closed-end installment loan. Paying them off/early will not help DTI. FHA doesn’t have a clear statement in their guidelines that auto leases cannot be excluded from the DTI if they are within 10 months of the ending contract date. However, auto leases aren’t considered a standard […]

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