What is the maximum DTI for a mortgage final approval amount?

How high do lenders go with DTI to determine how much they approve you for? More specifically Bank of America.What is the maximum DTI for a mortgage final approval amount?
For Conventional Loans banks will not generally approve a loan where your mortgage payment exceeds 28%, or if your overall DTI including the mortgage payment exceeds 36%. In the past there were some banks and loans that would basically ignore these guidelines.





I can't speak specifically for how Bank of America handles it currently. However, with the current credit situation I would expect that they not only are going to be pretty strict and close to these numbers, but may even lower the maximum DTI.What is the maximum DTI for a mortgage final approval amount?
I agree with OC1999 but something else to consider would be your credit score and other factors such as your employment type and history.





An underwriter usually has different debt to income guidelines based on whether you are a prime rate borrower or a ';B'; or ';C'; credit customer.





If you are in a stable job and have been there a long time, they are more likely to take the risk on you if your DTI ratio is borderline.





Also, if you've got a past mortgage payment history that's good and demonstrates your ability to pay.