What is the max DTI for Freddie Mac?
Hereof, what is the income limits for Freddie Mac Home Possible?
"Home Possible Qualifying Income Limit" is the same as "100% Area Median Income". This means that the borrower's income cannot exceed 100% of the AMI when qualifying for a Home Possible mortgage for properties within this census tract.
Besides, can I refinance with Freddie Mac?
Freddie Mac's Enhanced Relief RefinanceSM provides refinance opportunities for homeowners with existing Freddie Mac mortgages who are making their mortgage payments on time but whose loan-to-value (LTV) ratio for a new mortgage exceeds the maximum allowed for standard refinance products.
One of the most important criteria is the lender's maximum Loan to Value (LTV) ratio. So, what is Loan to Value? As the name suggests, LTV is the maximum amount that the lender will consider loaning to you as a percentage of the value of the property.