Upside down on DTI can I still get a mortgage?

Hi Stephen, it depends. For mortgages purposes, your DTI is typically calculated using on your gross monthly income and monthly mortgage payments, monthly installment/loan payments, and your minimum monthly payments revolving debt, such as credit cards. So, if the only monthly debt you have is the student loans, it just depends on the total of the payment in relation to your income. My name is Gina Bell. I am a local mortgage broker in Albuquerque and a Certified Residential Mortgage Specialist. Feel free to give me a call at 505-323-0724 or via email at gina@accessfundinginc.com, and I would happy to run some quick calculations for you and help to determine your options. I also available after regular business hours for your convenience. NMLS #222731

Yes, but it depends on your debt ratio's and what type of loan you apply for. For a conventional loan normally the maximum is 45% of your gross income ($5000/mo) for all monthly payments including the new mortgage, taxes, insurance and any PMI payment.