Until now, high -
ratio borrowers with excellent credit scores could have their gross debt service ratios waived altogether.
Not exact matches
Example loan rates are generally based on the following criteria: a
borrower with good to
excellent credit and average income seeking a loan for a single family, owner occupied one unit dwelling
with 30 % down payment (or 70 % loan to value
ratio).
Borrowers with excellent credit and low debt - to - income
ratios may qualify for interest rates at the low end of lenders» ranges.
Borrowers with excellent credit and a history of managing similar mortgage payments may qualify
with a higher than 43 % debt - to - income
ratio.
These are
borrowers with excellent credit scores, low debt - to - income
ratios, and sizable down payments.
Sample APR assumes a new $ 100,000 HELOC in second lien position
with a combined loan - to - value (CLTV)
ratio of up to 70 % on a 1 - to 4 - unit owner - occupied primary residence and a
borrower with excellent credit.
Borrowers with excellent credit and low debt - to - income
ratios may qualify for interest rates at the low end of lenders» ranges.