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What are the Debt-to-Income (DTI) ratios required of this program?

April 26, 2017debt-to-income dti program ratios

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What are the Debt-to-Income (DTI) ratios required of this program?

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The front end or housing ratio is 29% and the back end or total monthly debt ratio is 41%. This means that 29% of your gross monthly income can be used toward your total primary residence payment and your total monthly debt payments cannot exceed 41% of your total monthly gross income. If you have a 660 Mid FICO score or above, the loan allows for exceptions, such as higher DTI and housing ratios to be considered.