Recently we’ve been reporting on the latest policy changes to the FHA Short Refinancing Loan program. There’s one last change to cover–the new rules for debt to income ratios.
For the FHA Short Refinancing Program, the maximum debt to income ratios have changed in some situations. The FHA mortgagee letter outlining changes FHA Short Refinance loans states:
“Mortgagee Letter 2010-23, provides specific guidance for debt-to-income ratios for loans that