DHI Mortgage Mortgage Complaint

DHI Mortgage Mortgage department,

FHA mortgage Application, originator, mortgage broker Washington

Dear - -, I am reaching out to you in hopes that you will hear my concerns, provide me with some assistance or direct me in the right direction. Recently, I completed a pre-qualifying mortgage application -. I used the company 's in-house mortgage broker DHI -, which is a subsidiary -. The amount I requested to finance was in the sum of $210.00 dollars. After a review of my credit, I was told I did not qualify for any of the FHA Home Advantage Programs, which would provide downpayment assistance, closing costs and credits towards mortgage insurance. I was told by DHI Mortgage that my income debt to ratio was to high, specifically with regards to my student loan debt. I have a credit score between - and - depending on the credit reporting agency that is reporting. In 26 years, I have never missed a payment or have had a delinquency reported -. My credit history clearly demonstrates that I am credit worthy individual.


contacted my loan servicer and the payment was recalculated at $330.00, which is 15 percent of maximum amount of discretionary income. The payment will be adjusted again in - 2015 under new provisions to the Health Care and Education Reconciliation Act ( HCERA ). The new adjusted monthly payment will be approximately $230.00 dollars, which falls under the maximum limit set fourth by HCERA of 10 percent of discretionary income. Furthermore, I am a public servant who is enrolled in the - Loan Forgiveness program. After - qualifying payments my federal student loans will be discharged. Is any of this information factored in? None of this makes any sense to me. My current apartment lease cost me $1600.00 + a month. Now, had I meet the " guidelines '' according to DHI Mortgage my monthly mortgage payment would have been $1200.00 dollars. This would have included taxes, mortgage insurance and homeowner association fees. Something is very wrong here. My goal is to get a better understanding. I am very concerned about how my credit information was evaluated for programs under the Washington State - and the Federal Government. I have included a couple of links below for reference points as well as - attachments. https : - : - : //www.forgetstudentloandebt.com/student-loan-relief-programs/federal-student-loan-relief/federal-forgiveness-programs/president-obamas-student-loan-forgiveness-program/I appreciate you taking the time to review my concerns. Respectfully, - - - -