New Fannie Mae guidelines will potentially help those with high debt. As long as the borrower’s debt to income ratio (DTI) isn’t above 50% and they have other positive factors, they could be approved for an affordable Fannie Mae mortgage.

“But here’s some good news: The country’s largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, potentially opening the door to home-purchase mortgages for large numbers of new buyers. Fannie will be raising its DTI ceiling from the current 45 percent to 50 percent as of July 29.”