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MPF Traditional Selling – Temporary Buydowns Qualification Ratio Update
The temporary buydown qualification requirements in the MPF Traditional Selling Guide have been updated to align with the standard debt-to-income (DTI) ratios.
Pursuant to Section 5.14.1.3. Maximum DTI, the maximum allowable DTI is as follows:
- Manually underwritten: 43.00%
- Loan Product Advisor Accept: Allowable by AUS
- Desktop Underwrite Approve: Allowable by AUS
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- MPF-Help@fhlbc.com
- 877.345.2673