FHA Debt-To-Income Ratios

What Is The Debt-To-Income Ratio For FHA Loans?

What Is The Debt-To-Income Ratio For FHA Loans? Unlimited Mortgage Lending

Remember the pointers from this video: as of 2013, the FHA allows you to use 29% of your income towards housing costs and 41% towards housing expenses and other long-term debt.

With a conventional loan, this qualifying ratio allows only 28% toward housing and 36% towards housing and other debt.

You may qualify to exceed if you have: a large down payment a demonstrated ability to pay more toward your housing expenses substantial cash reserves net worth enough to repay the mortgage regardless of income evidence of acceptable credit history or limited credit use less-than-maximum mortgage terms funds provided by an organization a decrease in monthly housing expenses.

Share post
Share on facebook
Share on twitter
Share on linkedin

Check if you Qualify for a Loan

Before you start shopping for a home, you need to know exactly how much you can actually qualify for.

Answer 6 simple questions to make sure that you meet the simple basic requirements to qualify for a mortgage.  Once in our “Exclusive Pre-Qualifying Mortgage Calculator,”  all you have to do is plug in your numbers to see if you qualify.  This calculator is based on the income, debt, and purchase price that you enter and will show you if you qualify or not for a Conventional Mortgage Loan or an FHA (Federal Housing Administration) Mortgage Loan.

Search Posts

Recent Posts


[gravityform id="3" title="false" description="false" ajax="true"]

Have a Question? Talk to Our Expert.

Unlimited Mortgage Lending is here to help. If you have any questions about your dream house loan program, never hesitate to call.

Skip to content