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Debt-To-Income Ratio Requirements For FHA Loans

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Debt-To-Income Ratio Requirements For FHA Loans

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  1. Debt-To-Income Ratio Requirements For FHA Loans FHA Loan eligibility requirements include debt-to-income ratio (DTI). Consider the following points to know more about DTI. 1 The debt-to-income ratio shows how much of a person’s income is used to cover his recurring debts. 2 The mortgage lender evaluates the debt-to-income ratio to check the loan repayment capacity of the borrower & his ability to meet other living expenses. 3 The DTI ratio is determined by taking into account monthly bills such as existing mortgage, credit card payments, etc. and dividing the total expense by your gross monthly income. 4 The FHA limitations for debt-to-income ratios are around 31%. However, the applicant needs to meet various other factors in order to be eligible for the loan approval. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 1980 E. Baseline Rd., Ste. 103, Tempe, AZ 85283 915-843-2681 480-752-3110 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik

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