Which of the following would not be a non-QM loan?
A. Back-end DTI of 50%
B. Limited doc loan
C. Back-end DTI of 43%
D. Stated asset loan
Answer:C
Which of the following would not be a non-QM loan?
A. Back-end DTI of 50% B. Limited doc loan C. Back-end DTI of 43% D. Stated asset loan