by 
The Curious Bag
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<h4 class="dechead">On One Hand: On One Hand: Debt-to-Income Ratio Limits
Most conventional mortgage lenders will not issue a mortgage if your mortgage expenses-to-income ratio exceeds 28 percent or your total debt-to-income ratio exceeds 33 to 36 percent. Limits for FHA mortgages are slightly higher at 29 percent for mortgage expenses-to-income ratio and 41 percent for your total debt-to-income ratio.
On the Other: On the Other Hand: Other Considerations
Debt-to-income ratios are not the only factor used to evaluate your loans. If you have a stellar credit score and stable work history, you may be able to convince a lender to increase their debt-to-income limits.
Bottom Line
If you are a great candidate other than your high debt-to-income ratios, you may be able to qualify for a mortgage despite going slightly over the debt-to-income limits. However, you will likely be charged a higher interest rate to compensate for the increased risk of default you pose to the lender.
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