North Metro Atlanta · Finance
What debt-to-income ratio do lenders use?
Debt-to-income ratio compares your monthly debt payments to your gross monthly income, and lenders use it to judge how much new mortgage payment you can carry. Each loan program and lender sets its own maximum, and it can shift based on credit score, down payment and reserves. FHA, VA and conventional loans do not all draw the line the same way. A lender can run your specific numbers and tell you where you land faster than any general rule.
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