FHA Business Debt: What are FHA’s rules on how to treat business debt when the company is paying the monthly payment?

Answer: Business debt paid by the borrower’s business can be disregarded in the borrower’s DTI in certain circumstances. See the guideline below: 4000.1, II, A, 4, b, iv (P) Business Debt in Borrower’s Name (TOTAL) (1) Definition:  Business Debt in Borrower’s Name refers to liabilities reported on the Borrower’s personal credit report, but payment for […]

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