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What is the highest debt to income ratio you can have and still get approved for a mortgage?

April 26, 2017Approved debt Highest income mortgage ratio

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What is the highest debt to income ratio you can have and still get approved for a mortgage?

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The original question pertains to DTI ratios for mortgages. The standard “front ratio” is 28 percent. To calculate the front ratio, divide the total payment (principal, interest, insurance, and taxes) by your gross monthly income. If it’s over 28 percent, you may not be eligible for conventional mortgages. The standard “back ratio” is 36 percent. To calculate the back ratio, add up all your monthly debt — mortgage payment, credit cards, school loans, car payments, etc. — and divide that by your gross monthly salary. If that is more than 36 percent, that may also disqualify you.