[shygirl1201]

What does it mean when underwriters say they have a concern with the borrowers ratio is 74/74?

[RickJ]

What ratio are you speaking about?

My first guess is that you would be speaking about a debt to income ratio but 74/74 is the same as "1" so it's not really a ratio.

Can you clarify what the lender/underwriter said?

[shygirl1201]

Lender listed a few "concerns" and worded this one as: "Borrowers ratios on her own are 74/74."

[shygirl1201]

I might add that there were 5 specific concerns. The above was one of them. The others were: Non-occupying co-borrower is not related, Recent derogatory credit; Non-occupying co-borrower has limited credit history; co-borrower self-empl < 2yrs

[shygirl1201]

I'm also wondering with the strictness of the lending now if the above concerns are enough to deny the loan. This is actually for a friend of mine who is getting a bit nervous.

[RickJ]

Shygirl, the lender is not giving you good information.

A ratio of 74/74 is the same as "1". If this were a debt to income ratio, then that would mean that your monthly payments are equal to your income.

I'm sure that this is not the case, right?

The confusion is due to them saying that it is a "borrower's ratio".

What the heck do they mean by that?

You should speak to the lender (or broker) directly to confirm exactly what they mean by that term.

[shygirl1201]

RickJ, this is for a friend who is trying to qualify on her own. It may very well be income equalling payments. I don't see this as a good risk for the lender at all.

[shygirl1201]

Here is another question. If the borrower has 74/74 ratio and can't qualify on own, do underwriters then have to consider the co-borrower that is no relation or non-occupant? Or does the borrower have to qualify first.