FHA’s DTI ratios are well below that; and part time income can not be counted for income unless there is a solid 2 year history.
Most 20 year olds are not ready for home ownership, with some exceptions. I was hoping this story would show her to be an exception. But it is not; this is a bad loan and shouldn't have been guaranteed by the taxpayers.
But if a private lender wants to take on the risk; more power to them. Just don't send me the bill.
If she were a non-hispanic, American-born citizen she would not have “qualified” for this loan. But, since she is hispanic (and probably an illegal since there is no agreement on her country of origin) all she has to do is open her mouth and ask and she is rewarded. This is no longer the United States; we now live in an alternate universe where crime and irresponsibility are rewarded and playing by the rules and being responsible are punished. Liberalism and the left are responsible for this, and I despise both with every fiber of my beng.