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FHA DTI Expansion

New Penn Financial is pleased to announce the expansion of our FHA DTI guidelines

New Penn Financial is pleased to announce the expansion of our FHA DTI guidelines

Effective immediately Section 6.5 Qualifying Ratios has been updated. The maximum DTI for Purchase, Rate-Term and Cash-Out refinances has been expanded to 50% for borrowers with FICO scores between 600 – 619.  Loans must score Approve/Eligible or Accept.

The New Penn Financial FHA Product Profile has been updated on the Loan Programs page.