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What are the program’s qualification ratios and how do they compare with FHA and Fannie Mae programs?

April 26, 2017compare Fannie Mae FHA program Programs qualification ratios

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What are the program’s qualification ratios and how do they compare with FHA and Fannie Mae programs?

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The program requires a single qualifying ratio of 45%. This ratio is more flexible than FHA and Fannie Mae programs, which typically require a maximum debt-to-income ratio of 41% in conjunction with a monthly housing expense-to-income ratio.