Most lenders use the 28/36 rule: your housing costs should not exceed 28% of your gross monthly income (front-end ratio), and your total debts should not exceed 36-43% (back-end ratio). FHA allows up to 31/43, and some programs go higher with compensating factors.
Home Financial Group
NMLS# 305389 | (954) 370-4849 | homefinancialgroup.net
Find out how much home you can afford
Debt-to-Income Ratio
Guideline: 28% or less
Guideline: 36-43% max
This calculator provides estimates for informational purposes only. Actual payments may vary based on credit score, loan program, and other factors. Contact Home Financial Group at (954) 370-4849 for a personalized quote. NMLS# 305389.