How to Buy a Home with High Debt

How to buy a home with high debt

Can you Buy a Home with High Debt?

Yes you can! Going through conventional home financing outlets, you may find that it is nearly impossible to qualify to buy a home with high debt. ALL Mortgage Lenders calculate a ratio called your Debt-to-Income ratio. This is exactly as it sounds, they are weighing your monthly debt against your monthly income. Conventional Lenders have to adhere to lower debt-to-income ratios, not allowing those with high monthly debt payments to purchase a home.

Thankfully, Ocean Lending has non-conventional loan programs that allow you to buy a home with high debt payments. The loan programs offered by Ocean Lending allows them to stretch these debt-to-income ratios further than conventional lenders. What does this means for you? This means that you can qualify to buy a home with high debt amounts. Let’s talk in further detail about these loan programs.

How can I Buy a Home with High Debt?

As stated above, Ocean Lending is the specialist when it comes to helping people buy a home with high debt. Our unique loan programs allow us to stretch debt-to-income ratios much further than conventional lenders, which allows us to facilitate mortgages for those with high debt!

The top choices for high debt mortgages are FHA mortgages and Private mortgages. Ocean Lending offers loan products in both of these programs, and both allow us to stretch debt-to-income ratios further than conventional lenders, which again, allows you to buy a home with high debt.

How can I get Pre-Approved to Buy a Home with High Debt?

The first step to getting yourself Pre-Approved to buy a home with high debt, is to speak with a qualified loan professional. Thankfully you are already at the right place. Ocean Lending has multiple Loan Experts that can help you get Pre-Approved by providing you with a Free Mortgage Analysis , which only takes about 5 minutes!

To get in contact with a Loan Expert you can fill out the quick quote form on the top right side of this page, or you can call us at 949.613.5669 and just simply ask to speak with a Loan Expert. If you do not get through right away or our lines are busy please call us back.

Ocean Lending provides a Mortgage Analysis free of cost, to all clients. It only takes 5 minutes, what do you have to lose? Contact us today so we can show you how to buy a home with bad credit!