Program Bulletin #2020-06
Updated Debt-to-Income Ratio
Requirements for All Borrowers
In anticipation of the Qualified Mortgage (QM) patch expiring and the volatility in the Capital Markets, effective for all loans rate locked on or after May 1, 2020, the maximum total Debt-to-Income (DTI) ratio for all eligible borrowers for a CalHFA loan cannot exceed 43.00%, regardless of the automated underwriting decision or compensating factors.

Please see the program bulletin below for detail s:

California Housing Finance Agency | www.calhfa.ca.gov