Vermonster wrote:From my experience, if you are on the edge (which I think you are), it will all come down to your DTI. Take your monthly expenses and divide by monthly income. Expenses will include what you put for rent/mortgage on the app, and any minimum payments on your credit report (generally loans and other credit cards). Anything above 0.5 DTI will make it harder to be approved, though not impossible.
Oh that would explain some things on my end. I never factored in the rent/mortgage factor in that way before. I didn't think of those two factors being combined that way.
Learned something new today.