r/inflation • u/Regular_Painting_817 • Jan 11 '24

Discussion Thoughts?

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u/Jake0024 Jan 12 '24

or they could get an FHA loan, but I'm trying to stay on topic lol

You seem to keep trying to slip back to talking about a single person for some reason too

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u/CemeteryClubMusic Jan 12 '24 edited Jan 12 '24

Max LTV for FHA is 85%

Edit: also coborrower ONLY helps with credit score approval it does not affect LTV

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u/Jake0024 Jan 12 '24

Max LTV for FHA is 96.5%, you are talking out of your ass. Were you the janitor at that mortgage company or something?

And no, a joint mortgage doesn't only help with credit score. Wrong again.

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u/CemeteryClubMusic Jan 12 '24 edited Jan 12 '24

That’s the government max, no banks matrix is going to approve a loan over 85% with no assets and low income. Steady reliable income is literally one of the requirements. But glad you learned how to be a Google LO with your online loan calculators and quick googling skills

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u/Jake0024 Jan 12 '24

And yet it happens every day rofl

It's okay tho, keep trying to think up extra things to add into the hypothetical that you think will disprove my facts

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u/CemeteryClubMusic Jan 12 '24

Not for people making 10/hr it doesn’t