Do I Qualify?
To determine if you qualify, lenders review your total monthly debt (proposed housing payment + regular monthly debt) as a percentage of your total gross monthly income. The acceptable percentage (DTI) will vary depending upon the specific loan program for which you apply.
- Â Fixed-Rate Mortgage
- Â Adjustable-Rates Mortgage (ARM)
- Â Conforming Loans
- Â Jumbo & Super Jumbo Loans
- Â FHA, VA & USDA Loans
- Â Terms from 5 to 30 Years