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Need Some Advice with DTI

Hey everyone first time home buyer and just want a little advice. Please make sure to read in its entirety before commenting.

Getting ready to buy a house and my estimated DTI is 41%. Which I feel slightly uneasy about but want others opinions.

Cost of house: $265000 Putting down: 20k @ 7.125% rate

My salary: $62500

Now my salary & credit are being used solely for the loan bc fiancé doesn’t have credit since we are young and she started building her credit later than I did.

Her salary: $28645

My DTI for my income alone comes out to 41%

Before taxes $91145 salaries combined After taxes $6,076 a month combined

Mortgage payment is looking to be $2100

We have no other debt.

So based solely on my salary the DTI is 41%

But w/ combined income DTI is like 34%

Is this normal nowadays? My house payment is gonna be $2100 lol so just checking

submitted by /u/Kruzirr
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1czefo5/need_some_advice_with_dti/
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