As of July 29th, Fannie Mae will be raising its debt to income (DTI) ceiling from the current 45% to 50%. Research completed by Fannie Mae showed that DTI is the #1 reason mortgage applicants are rejected and a significant portion of those are millennials early in their careers. If you are looking to buy a house call Flagstaff Top Producers Real Estate and ask about our homebuyer protection plan. 928-214-7100
