Finance
A Missouri borrower's debt-to-income ratio is 45%. Most QM guidelines consider this:
AWell below the limit
BAt or near the typical maximum for a qualified mortgage✓ Correct
CBelow the minimum required
DUnacceptable under all circumstances
Explanation
The Dodd-Frank Qualified Mortgage rule generally caps DTI at 43% for standard QMs. A 45% DTI may be acceptable under some lender guidelines (FHA allows up to 50%) but is near or above typical QM limits.
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