Title I Claim for Loss Instructions HUD Form

Instructions and help about Title I Claim For Loss Instructions HUD

[Music] hi my name is alex coach with gustonshow.com what are the ratios for the hud manual underwriting guidelines that's fha manual underwriting so ratios are 31 over 43 that's one set 37 over 47 that's the next set 40 over 50 that's an x so if you're below 31 front end ratio which is your mortgage payment divided by your income and 43 is the debt plus your mortgage payment provided by your account if you you have to be below both of those at or below i should say then you all you need is one mortgage payment in the bank after you close it's a compensating factor so you have to fit the terms of no latest in the last 12 months and no worse than two car or two mortgage lates in the prior 12 and maybe a one times 90 on a credit card fit that and you're under 31.43 the only compensating factor you need is one month mortgage payment bank now if you go over 3143 up to 37 over 47 you need one of these compensating factors three months mortgage payments in the bank stay within five percent o